Yup, exactly. People are starting to wake up now and know high gas prices are here to stay. Massive profits are at play now with higher production rates. Investors are starting to question why the share price is decreasing during such prime conditions.
We saw signs of a reversal this past week, so personally I am expecting a nice run now, starting this week. Imo whoever was forcing down the price has probably now accumulated what they wanted at the low. Imo it’s now going to be incredibly difficult to force it down further since the market is now awake.
It should be ready for a nice run to mid 30c range. Potentially even higher. I don’t suspect a takeover is at play because going by substantial holding announcements, you need a lot more than 15% to get a takeover over the line...
$800gj - are they kidding?, page-14
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $462.0M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.5¢ | 16.5¢ | $169.1K | 988.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 95000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 408831 | 6 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| AEL (ASX) Chart |