I would suspect the falling share price has less to do with the annoucement and a lot more to do with the price of Ni which is falling fast. If the Ni price continues to fall (which I think it will in the short term) the share price will continue to trend downwards.
I got out today at between 5.50 and 5.60, will look at buying back in again once I think the downwards trend in the Ni price has stopped, at this point I think the share price will stabilise as well.
While it is still going to make great money at a lower Ni price the market sentiment will pull the share price down with the falling Ni price.
L
- Forums
- ASX - By Stock
- WSA
- trading halt
trading halt, page-9
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WSA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online