IMO main reasons for the drop are
1. spod price down
2. SP had been pumped on the expectation of imminent DSO production at Mt Ida, which is now now happening (and wouldn't be feasible at current spod price anyway)
3. SP had been artificially inflated by numerous big players taking a stake, which is now not happening
i think the SP is way oversold and 3-6 months from now people maybe kicking themselves for not buying more at this level. But that's just my opinion
What is going on ? Why the big downtrend ?, page-7
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $178.3M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.0¢ | $85.88K | 347.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27951 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 7500 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| DLI (ASX) Chart |