The 52 week low was in fact $2.48 and depending on whether a four cent dividend is factored into the calculations of both those long and the Shorters, that would make both sides comfortable until $2.44 in their positions.
I personally do not think that much under $2.50 is likely as the buyers will come back and the sellers will be exhausted after $2.50.
Just short term fluctuations nothing to be worried about for long term holders IMHO.
Perhaps an opportunity?
Fear will return, it always does and the gold price will return. It always does.
GLTHA
Ann: Ceasing to be a substantial holder, page-9
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 (20min delay)
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $229.0M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 27.0¢ | $1.548M | 5.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 302396 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 66404 | 5 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
27.8¢ |
Change
0.005 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 28.5¢ | 27.0¢ | 2793929 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| SBM (ASX) Chart |