Something is wrong. Very wrong.
I don’t know exactly what but, when a company with good quality in-ground assets that has commenced sales (in our case, LNG) and has clearly got expenses under control is sold off like stale fish, there is something wrong.
My theory (and I could be completely wrong here) is that it is geopolitical in nature.
Here we have a major SH that is Chinese. We also have a company that is producing an essential product needed by the USA. The USA will lend cash to scale up development of Phase 2.
BUT; look at the recent expressions of bile and venom by the USA against China. The USA might not want to fund something that comes partly under Chinese control.
I am open to hearing other explanations for the selloff.
Nasdaq Listing and Fair Value, page-44
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RLT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
84.5¢ |
Change
-0.030(3.43%) |
Mkt cap ! $25.62M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 87.0¢ | 84.5¢ | $37.82K | 43.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5952 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.5¢ | 948 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RLT (ASX) Chart |