Good post yellowcake....I can't believe the SP reaction to the trading update and your post highlights the short term nature of the trading issue.
Let's look at it this way - we have just had two of the largest trading days in the history of NUF...14m shares traded or circa 7% of issued shares...given the Top 10 shareholders account for a lot of the stock and probably wouldn't be selling this makes up a massive amount of the balance. The fact that the SP has only had a range of circa $1.50 whilst absorbing those transaction volumes must be a massive positive. Just look at the charts when the price has moved $3-4 and it has been on much less trading volumes. I think this is a very healthy sign and the SP should bounce back quickly once people have moved on from a very short term focus ahead of financial year end.
Thoughts?
abc country hour piece today, page-2
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Last
$4.02 |
Change
0.060(1.52%) |
Mkt cap ! $1.536B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $4.03 | $3.82 | $17.59M | 4.441M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2815 | $4.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.02 | 9998 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| NUF (ASX) Chart |