MAH 3.57% 29.0¢ macmahon holdings limited

Ann: RED: King of the Hills mining services contract, page-6

  1. 30 Posts.
    lightbulb Created with Sketch. 9
    I don't think liquidity is the issue at the moment. As someone who has been following MAH for a long time, I reckon the daily volume over recent months is the highest it's been in years. The multi-million turnover day in, day out, was rarely achieved even when the SP was well below the sub 10c range.

    It therefore makes me wonder why the SP is being slowly pushed down each week over the past three months. Is it Insto's accumulating, as mentioned earlier in this thread; a large holder squeezing the life out of the SP in preparation for a takeover offer; or tax time FY selling to record some capital losses/gains? Obviously I have no idea, other than the fundamentals and contract wins are extremely solid and the company (financially on paper) is the best it's been in years.

    Hopefully the Batu Hijau extension is right around the corner and the SP gets a breath of fresh air again. Time will time...

 
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Last
29.0¢
Change
0.010(3.57%)
Mkt cap ! $624.9M
Open High Low Value Volume
28.0¢ 29.5¢ 28.0¢ $900.0K 3.133M

Buyers (Bids)

No. Vol. Price($)
2 61864 28.5¢
 

Sellers (Offers)

Price($) Vol. No.
29.0¢ 18769 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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