I would guess that most of the selling is coming from sophisticated investors that participated in the last cap raising (at $1.20 ps)They didnt get the big bounce they expected and are now bailing and pushing the price down.
Hopefully ARU will get smarter next cap raising and raise from current investors and longterm investors,....not the short-term speculators.
Based on fundamentals the sp should be closer to $2 now, and rising the closer we get to sales contracts and 2013 production.
I have topped up at these levels.
Occam
share price, page-16
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $443.5M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.0¢ | 17.0¢ | $1.087M | 6.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 200375 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 787496 | 25 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ARU (ASX) Chart |