I am sure the market is trying to work out why the SP has been so aggressively sold off.
Correct me since I don;t follow this company intimately but my recollection is that:
Speculation of the CSA contemplation
JS comes out commenting it does not fit with AMI strategy
BOD then rectify his view publicly
He is forced out
BOD currently confirming his view
March 15th had one of the biggest volume spike on a down day in hindsight near the all time top. If you now flip the weekly chart, you can;t miss that volume spike at almost the top! I don't want to throw in the conspiracy mindset but why was there so many sellers? Just profit taking because they had a great run or they "knew" about something???
It did catch my eye from the chart as I mulled the pullback to the 81C level. Somehow I suspect there is more to JS push than just a difference of opinion which as you can read today is confirming his initial response! @Exised did post that some sort of merger in similar story to Zinifex???
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Last
17.5¢ |
Change
0.010(6.06%) |
Mkt cap ! $296.0M |
Open | High | Low | Value | Volume |
16.5¢ | 18.0¢ | 16.5¢ | $387.2K | 2.219M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 610175 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 59168 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 610175 | 0.170 |
16 | 1994615 | 0.165 |
12 | 1081300 | 0.160 |
9 | 736577 | 0.155 |
7 | 320339 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 59168 | 1 |
0.180 | 974179 | 9 |
0.185 | 391476 | 9 |
0.190 | 324001 | 7 |
0.195 | 338017 | 5 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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