Yeah but relentlessly selling into the bid queue is a sure way to hammer the price down... Just look at the options today...
Most of us here in the "market" are not happy with the decline today, yet it is the very same "market" that is causing the drop!
Lemmings trying to "get out" before "it drops further"...
If people stop selling into that bid queue, the price drop stops. Simples.
I'm not sure what sort of rainbows and unicorns people were expecting to read about in the announcment... It looks ok to me. With demand only increasing in years to come, and supply likey not rising to meet it, sub $10 prices are unlikely imo. Numbers therefore look ok and upside potential remains strong imo.
Ann: **anintha Pre-Feasibility Study and Maiden Ore Reserve, page-55
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $120.8M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $43.22K | 2.925M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 25717844 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 3879109 | 11 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AVL (ASX) Chart |