I thought the shares were meant to crash by now because of the recent conversions/issue?
Clearly not... as I mentioned, why would someone sell a share at 5 cents, when it is worth at least double, probably triple that right now... maybe a couple sold in the 5's, as we've seen, but not exactly dump and run... not now the coal price has stabilized at least. Those big guys that brought in are probably only to happy to hold and if anything disappointed the share price isn't being more realistic of a coal company with over 1500 kilo tonnes per annum (including over 1000 from Bathurst's 65% stake in Stockton, Rotowaro & Maramarua)... nearly 250% higher than FY16.
It is only a few retail shareholders that have the small low ball sale that is what is keeping the share price suppressed, and a bit of 'wait and see' (fair enough as well)... nearly all the time the buy orders outweigh the sell orders by 2:1
Half year out very shortly, so will be interesting to see any updates
Exciting times to be a holder, and exciting times for Bathurst.
Ann: Change of Director's Interest Notice (Peter Westerhuis), page-15
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Last
81.0¢ |
Change
-0.005(0.61%) |
Mkt cap ! $155.0M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.5¢ | 79.0¢ | $22.60K | 28.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12578 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 177555 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BRL (ASX) Chart |