I'm gonna try and make this my last post for a while because all the talk in the world amounts to nothing in times like these... my summary is:
1. there's a lot of herd mentality selling because general confidence has been shaken in commodity markets...
2. there's a lot of hard yards in front of both MAK and RWD (taking these two as the front runners in Aussie ag stocks)before anyone could safely say they'll achieve their goals...
3. there's money to be raised by both companies in a difficult credit environment....
on the positive side
4. there has been no noticeable drop in phosphate/potash prices?.... so it's a bit of a puzzle when you consider the crash in MAK/RWD share pricing....
5. both MAK and RWD appear to have a reasonable buffer against any price drops in phosphate or potash?....
6. there has not been any bad news coming from either company on their progress to date - a little slow perhaps in furthering their projects particularly that damned Martu agreement with RWD but no actual setbacks I can see...
I'm sure there have been things I've missed out but overall we're seeing sentiment at work and given the 'fundamentals' remain intact, these stocks could as Macrae mentioned 'turn on a song'..... I rather hope they do for all concerned....
now so long as someone doesn't goad me into any response I'm gonna give it a rest....
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Last
1.4¢ |
Change
0.001(3.85%) |
Mkt cap ! $36.50M |
Open | High | Low | Value | Volume |
1.3¢ | 1.4¢ | 1.3¢ | $1.629K | 121.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 2823556 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 2883982 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 2823556 | 0.013 |
5 | 1490837 | 0.012 |
7 | 2623545 | 0.011 |
8 | 5679547 | 0.010 |
13 | 5455500 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 2883982 | 10 |
0.015 | 2724512 | 10 |
0.016 | 11587725 | 16 |
0.017 | 2916529 | 8 |
0.018 | 3576323 | 2 |
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