Actually I was expecting a 33% correction when the news hit, had the .42 number in my mind the whole time, around 20% hit to the share price to make up for the $100 Million which is fair, then extra $50 Million from people selling just wanting to get out pushing it further down until their done and maybe that portion is what will bounce the share price back to 48-50 cents.
I don't know if there will be a CR, but I'm thinking it should be along the lines of $100M (as long as nothing else is wrong) to make up for what they were expecting and if that's going to happen that would be fine and I think palatable to the market. I was also thinking it would be nice to buy 1oz PA of production for $1,000 worth of shares, it almost reached that today at $463M Mcap if you went off their last years guidance of 450Kozpa.
I do have a feeling I'm going to get burned on this but a lot of the problems are known now and have come to light, the dirty laundry is on the clothes line.
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Last
79.8¢ |
Change
-0.023(2.74%) |
Mkt cap ! $1.697B |
Open | High | Low | Value | Volume |
80.0¢ | 80.5¢ | 78.8¢ | $9.888M | 12.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
98 | 423850 | 79.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 619124 | 59 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
96 | 421875 | 0.795 |
38 | 685786 | 0.790 |
20 | 538053 | 0.785 |
21 | 459564 | 0.780 |
10 | 440845 | 0.775 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 626976 | 58 |
0.805 | 399161 | 20 |
0.810 | 431188 | 12 |
0.815 | 207956 | 8 |
0.820 | 807103 | 7 |
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