We can only speculate, if you are referring to APA restricting supply at Orbost, that would come at an expensive price tag for APA at a $249 million pre tax impairment - costing more than COE long-term debt obligations.
I don't think anything nefarious is being done by APA.
I think the shorts have gotten battle weary. 14 million shares traded today and being up 10.46% on the final day of the financial year. S.U.S.P.I.C.I.O.U.S!
Instos ad retailers with diamond hands, repelling investments banks sniffing for a capital raise. I think they painted themselves into a corner.
Yes, it's my tin-foil hat but it is getting old, I guess I've been around for too long.
We can only speculate, if you are referring to APA restricting...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $746.3K | 3.382M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 395153 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 120000 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |