That depends if this section included these grades in the previous MRE. That are fantastic grades so if this section was modelled as lower grade then yes this will have a positive impact on the MRE. Is it enough to halt the selling, I doubt it.
On that note, I spoke with an associate last night that believes Ausbil is still in the process of liquidating their position in EM2. They dipped below 5% a few months ago which leaves them with ~15M as of July. There’s been a bit of volume through since then so I guess they’re still selling. In a way, it’s reassuring that it’s just one major holder looking to exit for reasons unknown. Perhaps that’s why Tim hasn’t dipped his hand not his pocket yet.
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Last
5.7¢ |
Change
0.005(9.62%) |
Mkt cap ! $22.78M |
Open | High | Low | Value | Volume |
5.6¢ | 6.0¢ | 5.5¢ | $218.1K | 3.752M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 140256 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 134228 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 140256 | 0.057 |
2 | 300000 | 0.056 |
2 | 170000 | 0.055 |
2 | 63312 | 0.054 |
2 | 200000 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 134228 | 3 |
0.062 | 2487 | 1 |
0.064 | 100000 | 1 |
0.065 | 100000 | 1 |
0.066 | 212000 | 2 |
Last trade - 13.25pm 09/07/2024 (20 minute delay) ? |
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EM2 (ASX) Chart |