Despite the increase in POO and that buyers vastly outnumber sellers, the SP remains locked into the 14c-15c price range.
Yes there is plenty to be upset about, but why are the big end of town so optimistic and retail investors remain so pessimistic.
The statement the. “SP will look after itself” should now be replaced with the statement “the SP is being manipulated”
FAR seam to be supportive of the game plan now being played out by the big end of town, I’m not surprised the vote went the way it did.
It’s obvious the big end of town see light at the end of this tunnel and that the SP at this level presents as a buying opportunity to load up and averages down, opportunity fed by spooked retail investors.
The big end of town are now calling the shots, the big question now is where are they taking us.
AIMHO
Ann: Annual General Meeting Presentation, page-125
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.5¢ | $97.33K | 190.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26752 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 109917 | 4 |
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| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |