Yeah regal has killed a few companies when they get out, its brutal for holders but was predictable had notice of regal selling last year. I even said in a post months ago "Unfortunately for holders though I believe it will be well under 10 by the time they finish selling."
I think though there will be a good opportunity to buy in at a very cheap price when they are done selling, Ive got a spreadsheet going and mapping their selling pattern and %s. Its easy to spot their selling, look at the last 2 weeks the only days the volume was above 1 million shares, was 2 days, and was the days they sold.
Could get ugly with regal exiting now, check out ESR and when regal sold them down in December, just destroyed the stock. I guess the floor price for AGH depends on how quick they need to get out, if they need to get out of everything this month would be brutal, but if they manage it well, maybe 5-6 will be the low based on what their selling has done to price now.
Last notice from regal they had 17,295,221 shares left . Since then they have had sales of 1 098 969 and 576 888. So unfortunately they still have 15 619 364. So 15.6 mill shares left . Keep an eye on volume, on big volume days they are accounting for average 43% of volume, I suspect it was them selling today so probably another million sold which leaves 14.6 mill shares left.
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $8.511M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 1.9¢ | $12.34K | 616.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1770349 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 1131654 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1770349 | 0.019 |
2 | 450000 | 0.018 |
16 | 1193732 | 0.017 |
6 | 640560 | 0.016 |
3 | 800000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 1131654 | 3 |
0.021 | 1134101 | 5 |
0.022 | 502196 | 2 |
0.023 | 560000 | 2 |
0.024 | 1488900 | 2 |
Last trade - 12.41pm 22/08/2024 (20 minute delay) ? |
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AGH (ASX) Chart |