But that correlation is invalid because as bookarelli pointed out, the drop in share price has been 40% or so whilst the drop in iron ore has been barely 5%.
What negates you from subscribing to the very likely notion that insider information incited the falling SP and a now somewhat established distrust in this chairman as a result of their decision vis-à-vis dividends has then further hampered any recovery in the SP?
Me personally, I can only speculate but I think that decision has triggered a pretty substantial setback for the stock that may now require a substantial timeframe to recover from, even if iron ore climbs back to $120 USD or above.
Price of Iron Ore, page-1765
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $180.1M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.3¢ | 25.0¢ | $497.3K | 1.960M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20017 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 30000 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |