the selling is relentless, such a stark contrast to volume led accumulation from mid 40s upwards, leading up to merger TO date. i like many was expecting post implementation date that SP would approach 50c given BS going to net cash, money in the bag from SLRs RED shares, and expected positive news flow on Koth production and similar news from the old SLR.
So what The Fark happened, apart from Luke selling a few million shares, what could possibly have gone so terribly wrong in the past 2 weeks to cause a whopping 30% drop on volume and for RED to dramatically reverse direction and become one of the worst underperforming Goldies on the ASX over the past few weeks.
the selling really has been relentless
the selling is relentless, such a stark contrast to volume led...
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 34.8¢ | $7.381M | 20.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 500592 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 479161 | 12 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |