MND is just as equally exposed to the slowdown in mining services, but the fact that WOR was so way overvalued in relation to MND, some $3.50+ per share, prior to this meltdown in WOR's SP beggars belief.
Now that WOR is trading about $1 below MND, confirms to me that "water eventually finds its own level" even tho' this anomaly had been highlighted at least over 3 months now - see previous posts in this thread.
I think fund managers who did pick up this anomaly should not be given any year end bonuses. Agree?
(Note: As at 12:36pm today, WOR traded at $15.89 and MND at $16.89)
Please DYOR
comparing mnd and wor, page-8
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Last
$12.21 |
Change
-0.070(0.57%) |
Mkt cap ! $1.199B | |||
| Open | High | Low | Value | Volume |
| $12.19 | $12.31 | $12.19 | $1.285M | 105.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $12.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.23 | 7000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| MND (ASX) Chart |