I think you'll be right. There is a wall of support at the 20-21 range, as witnessed by large buyers who are happy to hoover up all those small retailer holders who keep getting nervous....there are bargains to be had right now (even a fully impaired SE would not justify this discount to the SP).
I cant see it bouncing to 30c however - that will require a strong catalyst, and my hope is the EXCO are more focussed on fundamentals / BAU than in issuing announcement after announcement.
This means fine tuning of Walyering ops, a meticulous tactical appraisal of SE, and a clear no BS statement around future of WE, OH etc
Ann: Response to ASX Aware Query, page-212
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Last
21.5¢ |
Change
0.015(7.50%) |
Mkt cap ! $615.0M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.3¢ | $2.306M | 10.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 253641 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 164233 | 4 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |