Elliot,
There was a recent CR at 6.5c for 183m shares.
Some or many of the participants may have not wanted to hold the trade / investment for the outcome of West Erregulla 2. When the share price traded below a threshold (most probably their entry price) we have seen big volume selling. It is not uncommon.
The selling pressure is not relevant to where the project is at or its likely chance of success. It is purely a capital management thing, and that selling is most probably accelerated by the fact that we will have a well result in the not to distant future and they want out before that happens.
A great opportunity for the buyers if it proves to be a successful result.
IMO
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $430.0M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 744 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 6700 | 1 |
View Market Depth
| Last trade - 09.25am 16/07/2025 (20 minute delay) ? |
| STX (ASX) Chart |
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