Yes, you're both missing the fact that many, many shares are currently being held by investors who took part in a CR issued at 14.5c. They're not in this for the mid haul IMO. They went a quick ROI before taking part in the next offering did elsewhere.
Hence, there's going to be mass resistance until that's cleaned up. By then, who knows where the Fe price will be.
all IMO.
Size doesn't matter as newest iron ore player eyes big profits, page-9
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $198.1M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $186.4K | 690.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 970130 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 91662 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |