@diatribe the market has lost confidence in management! There are very few or literally no bulls willing to defend the current price. Probably as there are less riskier alternatives with better production, better cost control and better management that can communicate with the market.
Average volumes are higher than normal. Shorts have been pretty much constant between 3% to 4% for the last 2 months. So someone or many are just trying to get out. But for the long term holders the market looks pretty bearish for awhile with a technical price target of $1.47 to $1.40 is in play
I posted previously that their guidance is at risk and I suspect a few know that now. Cook is a brilliant miner but a terrible businessman - I'd like to see him replaced!
Surely soon, you'd have to think that some of the majors would be looking at it for a takeover at these prices.
@diatribe the market has lost confidence in management! There...
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Last
$2.73 |
Change
0.070(2.63%) |
Mkt cap ! $2.574B | |||
| Open | High | Low | Value | Volume |
| $2.68 | $2.73 | $2.59 | $19.29M | 7.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6137 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 100440 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WGX (ASX) Chart |