The shorts increased sharply last week. They're not just going to roll over. If they're exiting, you can bet they'll do it whilst maximising their profits from shorting the fall from 300. They have this under control but there are also heaps of new longs entering around these levels (just a guess) so it'll take a little while to churn through the volume and get us back up to 300.
The Simberi news was fantastic and really does value to the company so it's just a matter of when - not if - we really move up.
$3.90 valuation by GS updated, page-98
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Last
28.5¢ |
Change
0.010(3.64%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.8¢ | 27.0¢ | $1.897M | 6.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 187227 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 648341 | 13 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |