HI Guys,
Why does BOE seem to me like its being sold off heavily into any rally? Are the shorts now in control and driving the price lower? What isnt management telling us, that, perhaps the market is aware of? or are anticipating
What We do know
1) Directors Selling - 27th May 2024 - Red Flag
Mr Craib sold 3.75 million shares and retained 1.43 million and Mr Buck sold 291,000 shares and retained 170,000 while Mr Jones sold 600,000 shares.
2) Mergers and Acquistions - Potential dilutionHe said that the company spent up to 10 per cent of its time looking at deals, with value accretive opportunities in Australia, US and Canada of interest as the industry looks to consolidate.
The company looked at buying ERA’s Jabiluka lease in the Northern Territory but it was conditional on government approval, which never eventuated and the offer was withdrawn
3) Uranium Price - from Cameco Website
Spot Price
Long Term price
Expected Cash Flow
4) Boss is expected to generate cash flow in Quarter 3 from Honeymoon
So why is BOE being driven down? Is it the shorts?
HI Guys,Why does BOE seem to me like its being sold off heavily...
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Last
$2.81 |
Change
-0.080(2.77%) |
Mkt cap ! $1.151B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.93 | $2.74 | $8.912M | 3.157M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 71935 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.83 | 500 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BOE (ASX) Chart |