I',m not a miner so can't speak to that part of it but I still maintain that nothing fundamental has happened to the business.
If anything it seems to be in a very sound place.(as we now have another institutional holder)
I still think the problem with the SP originates with the clumsiness surrounding the announcement re IG's off market sale.
For 3 hours, traders were in the dark until the announcement came out at 1.08PM per Commsec.
On that day (the 21st) it opened at 85, had a low of 73 and closed at 735 not too far away from IG's sale price of 75.
It would be interesting to see a daily chart for that day but I don''t have access to one.
My point is that most of that "" adjustment" occurred because of that 3 hours of flying blind.
Couple that with interest rate rises in US etc, tax selling and that is how we are where we are.
I think that over reaction contributed about 5 or 6 cents to the drop. (just my best guess).
Makes for a great buying opportunity f you have the funds.
Years ago, I has shares in Gandel Property Trust until they were taken over. They were a very high quality operation.
My opinion only. DYOR
the
- Forums
- ASX - By Stock
- Ann: Off market share trade
I',m not a miner so can't speak to that part of it but I still...
-
-
- There are more pages in this discussion • 36 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 ALK (ASX) to my watchlist
|
|||||
Last
48.5¢ |
Change
-0.015(3.00%) |
Mkt cap ! $292.6M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 48.0¢ | $595.7K | 1.220M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7503 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 23578 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7503 | 0.485 |
8 | 158012 | 0.480 |
5 | 88144 | 0.475 |
6 | 62482 | 0.470 |
2 | 52038 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 23578 | 3 |
0.510 | 11900 | 2 |
0.515 | 2645 | 2 |
0.520 | 10000 | 1 |
0.525 | 50000 | 1 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
Featured News
ALK (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online