Yes, the only new news was the Moki fluid samples were successfully obtained.
Last weeks drop on high volume from 33-34c to 30c looks a bit overdone to me, unless insiders are selling on unreported news.
Someone suggested the UW offloading. They've had 2 1/2 months to unload 30mil shares, and over 200mil shares have traded in that time. Not sure why they would suddenly decide to panic last week. It could have contributed to the selloff but not the only reason.
Maybe steady selling from the UW, ambiguous/inconclusive reporting of Manaia result, and traders closing positions on Friday collectively pushed it down to 30c ?
The overall market is still buoyant and oilers steady, so I cant see any non company specific reasons for the selloff.
I bought at 31.5 to 30c. Expecting a bounce.
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $73.36M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $9.25K | 90.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 219063 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 150988 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CUE (ASX) Chart |