Do not think it is TPD deal causing issues today.
It appears that some large holders (unlikely retail) are selling due to the announcement today. Most likely do not like net pay or porosity disclosed compared to what they thought.
It would be good to see updated broker reports as they would more likely have what was expected (we mere retail holders do not have that information).
From my perspective I was comfortable with the announcement because it extends the SE field which was always a risk. It is surprising to me that the market appears to have already factored in a better SE3 result.
I would expect SE2 and SE3 will both flow ok and add to reserves.
My view is that the market has over reacted as market does not reflect fundamentals of company.
I bought a few more today.
Do not think it is TPD deal causing issues today.It appears that...
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Last
20.0¢ |
Change
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Mkt cap ! $579.3M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $517.2K | 2.583M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 3157268 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 85435 | 33 |
View Market Depth
| Last trade - 11.36am 18/06/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 20.0¢ | 20.3¢ | 19.8¢ | 1329453 | ||
| Last updated 11.35am 18/06/2024 ? | |||||
| STX (ASX) Chart |
