The main reason I am told from a very credible source behind the long run of sells is a US fund who took stock in the $3.00 placement getting out. They had 20m worth of stock and are now down to 4m left so should be drying up. I guess this is easily verifiable by looking at movements in the top 20. Was done through a HSBC or UBS as nominee. This slow down of continuous selling and a good last QTR will hopefully re-ignite this SP. Looking at their last Investor Presentation as previously posted I think we are in for a good ride come 1st July onwards, else it could be ( another ) relief rally coming up (sic). Just my opinion.
Ann: Appendix 3B, page-29
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Last
$2.06 |
Change
-0.060(2.83%) |
Mkt cap ! $546.6M | |||
| Open | High | Low | Value | Volume |
| $2.10 | $2.14 | $2.06 | $287.5K | 136.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2877 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.08 | 3681 | 10 |
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| Last trade - 10.58am 02/09/2024 (20 minute delay) ? |
| CAT (ASX) Chart |