Its obvious that Shougang is playing hard ball with PT/ADY, otherwise why would you need to draw down the US$5 mil.
I sold out yesterday after buying in on Tuesday and now glad I did. The technicals on the chart where shaping up very well but a savage blow was dealt to them on Wednesday imo.
If 15 does not hold it would not surprise me to see the gap at 9.5 - 10.3 on the 2nd and 3rd of Jan 07 get filled.
Seems bizarre I know but PT is between a rock and a hard place in this market and the skelpers could now take the company over for nic's because of his inability to keep to time lines and arrange finance/partnerships when the market place was more conducive to do so.
I have a valuation of around $1.16 on RLL (PE 10, before consolidation and split) but that means diddle squat if you haven't go the $ to make it happen.
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- shougang playing hard ball unfortunately
shougang playing hard ball unfortunately
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.66M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $4.6K | 511.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1437364 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 700049 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 437145 | 0.009 |
5 | 1350953 | 0.008 |
6 | 590102 | 0.007 |
6 | 1400000 | 0.006 |
8 | 2256449 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 700049 | 4 |
0.011 | 1317430 | 3 |
0.012 | 201360 | 1 |
0.013 | 200000 | 1 |
0.014 | 200000 | 1 |
Last trade - 09.59am 21/08/2024 (20 minute delay) ? |
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