these blow ins always fail to understand who is is buying the price up and what their reasons are. They just look at the graph and say time for a retrace or "$1.3b is pretty high for a mine that hasn't started yet". No intellectually rigour applied to their statements ever.
I suspect Regal wants us in the ASX300 to offer an additional exit strategy down the track as well as takeover. I reckon they are trading it up for liquidity, asset protection (against cheap takeover) and market cap for inclusion. They won't let it retrace much if at all. And with new funds able to buy on inclusion it will ensure we dont stay undervalued.
General discussion, page-6482
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Last
$16.99 |
Change
-0.170(0.99%) |
Mkt cap ! $1.042B | |||
| Open | High | Low | Value | Volume |
| $17.30 | $17.50 | $16.89 | $4.782M | 279.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4748 | $16.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.00 | 276 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |