Clearly, the MD (Zhao) could see this writing on the wall when he sold 1.7M shares last month on 9th June. It's not critical as he still directly holds 1.7M shares and substantial holders hold over 70% but he was shrewdly hedging his bets.
Next report on the 19 July will either make this one fly or tread water for a while. I can't see the price of iron ore sinking further.. Past charts show this down trend has happened many times and we've come out of this cycle. I'm sitting tight and looking forward to dividend.
Pellet Price Tracking, page-562
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 25.0¢ | $668.5K | 2.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 111945 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 37336 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |