I do believe this is a margin call for traders. I underestimated this manipulating games. I bought Org based on its future cash flows and good exploration in Perth and NT.
NT is starting to attract international players.
Some mid- small players are also looking to consolidate their explorations in NT as well.
Agl has just delivering a first LNG cargo at the rock bottom oil price.
No one is going to sell their products with losses unless the business is liquidating.
Org is still on the right track. The harder drop the more stronger interests.
Ann: Response to market speculation on APLNGs SPA with Sinopec, page-25
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Last
$9.85 |
Change
0.130(1.34%) |
Mkt cap ! $16.96B | |||
| Open | High | Low | Value | Volume |
| $9.86 | $9.93 | $9.81 | $27.58M | 2.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86815 | $9.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.86 | 91 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| ORG (ASX) Chart |