SDL and GBG are the cheapest IO on ASX, but have much more shares on issue. SDL is not even trading! I think 2.4 is a good price, even if it goes close to 2c it should be a good buy. I bought at the float but sold soon after listing. I think January should be a much better month for shares, so I would hold either for a bounce (probably to 2.9-3c) or the drilling results due in Q1 2019. Someone bought 700,000 shares at 2.9 c the other day before it tanked so there are buyers out there. But a few sellers too!
A trade deal between Trump and China would really light up the iron ore and stock market as it should mean that the Chinese economy is more likely to grow in 2019. I would be looking at what happens in the New Year when the Democrats take over Congress, we may see another meeting between Trump and China soon.
Ann: Maiden Drilling Programme Commenced, page-5
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $211.8M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 31.3¢ | 29.0¢ | $1.193M | 3.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 80130 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |