If we are to speculate only on the nature (positive/negative) of the trading halt;
- a negative announcement would hammer the SP down to low 0.50's, and that would bring the company on the brink of breaking. The management knows it, and if more bad news were brewing, I think the management would have released them together with the rest of the bad news on the 8th June as it would have been less damaging.
- a positive announcement (?) - I tend to think they may be releasing some positive vibes in this announcement, and this feeling is based on;
(1) In recent weeks, on two occasions, Ranck acquired 20+30K just prior to the Forestry announcement, and then a week after the announcement.
(2) If more bad news were forthcoming he would not have bought more shares 3 days prior to the announcement as he would have known (3 days ago) that bad news will hit the floor and the SP would get hammered. It would create an instant loss on his newely acquired investment.
Only...hmmmm...thinking outloud.....if his investment was intentional for obvious 09/10 tax loss reasons!?!
- Forums
- ASX - By Stock
- ELD
- Ann: Trading Halt
Ann: Trading Halt , page-8
-
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add ELD (ASX) to my watchlist
(20min delay)
|
|||||
Last
$8.47 |
Change
-0.070(0.82%) |
Mkt cap ! $1.338B |
Open | High | Low | Value | Volume |
$8.48 | $8.52 | $8.38 | $3.357M | 396.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1832 | $8.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.47 | 1006 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4 | 8.450 |
1 | 600 | 8.410 |
2 | 5667 | 8.400 |
3 | 24178 | 8.380 |
1 | 1197 | 8.350 |
Price($) | Vol. | No. |
---|---|---|
8.540 | 2375 | 1 |
8.590 | 20000 | 1 |
8.600 | 6500 | 1 |
8.690 | 8680 | 1 |
8.700 | 1300 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
ELD (ASX) Chart |