Hi Posters,
I think the SP reaction is expected based on the results. The market would have been expecting more bonanza grade results, so the results are well below expectations. The market would have already factored in results better than those reported hence a decrease in share price. Remember we have tripled in value in the past few months.
I agree the results appear to be very good but when below expectations often sp decreases. I will be looking to top up in the near future once the sell off abaits hopefully a couple of days.
cheers
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Open | High | Low | Value | Volume |
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4 | 1943330 | 0.009 |
7 | 1225052 | 0.008 |
6 | 1623375 | 0.007 |
5 | 3549995 | 0.006 |
Price($) | Vol. | No. |
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