I do not think there is a takeover in play.
My view is that one or more of the institutions that are shareholders lend their shares which allows shorters to do what they do which is currently being helped by overall economic issues which is impacting sharemarkets.
Smaller shareholders like myself either have a full allocation already or do not buy enough volume to move the market.
Hopefully production at Waverlying and/or equity buying at Haber will give rise for new institutional investor buying. The market is not yet understanding the significance of Strike potential in owning significant equity in an industrial company.
I hope not but could be a 12 to 18 month wait for true value to be shown in the share price.
I do not think there is a takeover in play.My view is that one...
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Last
20.0¢ |
Change
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Mkt cap ! $579.3M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $634.8K | 3.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 75 | 3129371 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 654105 | 57 |
View Market Depth
| Last trade - 12.56pm 18/06/2024 (20 minute delay) ? |
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Last
20.0¢ |
Change
0.000 ( 0.60 %) |
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| Open | High | Low | Volume | ||
| 20.0¢ | 20.3¢ | 19.8¢ | 1486783 | ||
| Last updated 12.55pm 18/06/2024 ? | |||||
| STX (ASX) Chart |