some observations Dear Zinzan
It is not the forthcoming first half year results that is driving the share price - it is the re-rating of the stock based on the second half year performance.
Based on the current trend, I believe that the second half year result will be more than three times the first. My very rough guess is $60-80 Million for the first half and $200-$250 Million for the second.
I don't think the 1,000,000 buyer is Glencore as it does not fit their trading pattern. I suspect a US hedge fund, perhaps Soros, who already has a holding.
Certainly an opportunity to exit a large parcel if you wish. I would love to see the research supporting the million share buy order.
Any views Moondong and Ascole?
Regards Eos
feeding frenzy, page-6
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$1.99 |
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Mkt cap ! $301.3M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2204 | $1.99 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 22165 | 1 |
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