In today with my first buy. Been watching this for a long time and really happy with the JORC, which has upside with assays pending. Comparatively this looks like good value and I'm surprised it has not gone higher post the announcement.
I've been doing some digging into the selling. We know that Perennial have been a seller and perhaps that has continued. Here's broker data for the last week until Nov 3rd (pre announcement and latest available). Macquarie has been a BIG seller for an undisclosed Insto. Is it Perennial? I can't be too sure yet but the circumstantial evidence suggests yes.
So what does this mean? Well there could be any number of reasons why they're selling. They've been selling BEFORE the resource announcement (as per 20th Oct announcement) so perhaps it's some portfolio tweaking, redemptions etc as opposed to something that is COMPANY related.
This is a good thing. If they started selling AFTER the announcement then that could be construed as negative but I see this as an opportunity to build a position while an insto is selling for THEIR OWN reasons vs COMPANY reasons. Sure it could go lower to close the lower gap but we're talking pips here when clearly this should be a lot higher all else equal.
- Forums
- ASX - By Stock
- NWC
- Ann: Maiden 7.7Mt High-Grade Mineral Resource Estimate
Ann: Maiden 7.7Mt High-Grade Mineral Resource Estimate, page-91
-
-
- There are more pages in this discussion • 82 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWC (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $48.28M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $51.11K | 2.905M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 563233 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 2920524 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 563233 | 0.017 |
15 | 2713711 | 0.016 |
13 | 2479000 | 0.015 |
3 | 2214285 | 0.014 |
4 | 387692 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 2920524 | 6 |
0.020 | 2072393 | 7 |
0.021 | 466000 | 3 |
0.022 | 245399 | 2 |
0.023 | 30000 | 1 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
NWC (ASX) Chart |