Could the selling pressure over the past few months, pushing the price down from $11 to $7 be more than just profit taking and buyer exhaustion?
Is it possible that one of the big players (ie. RIO) is forcing the price down in an effort to make a takeover offer at a lower price look attractive?
If so, they'd better act fast - this resource keeps getting better all the time!
setup for takeover offer?
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $16.22M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $1.543K | 129.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3283876 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 8352781 | 7 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| EXT (ASX) Chart |