Usually when the falling price is not confirmed by the commodity it is exposed to, I would cynically observe this ias inside info exploitation. However gold price has been falling and the future broke the psy $1900 yesterday. If you compare the general trend of both, the correlation is very strong.
Unfortunate to bring out a CR in this cycle of late. I have noticed this type of cycle is repeated elsewhere kinda like sell in weakness and celebrate in strength!
On the optimistic side of things, ability to just sell 2 tranches to raise $300M is quite a feat indicating to me there is strong corporate demand v the 'let's give shareholders an opportunity' usual excuse usually when raising is hard.
Ann: Trading Halt, page-39
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Last
$1.22 |
Change
-0.020(1.62%) |
Mkt cap ! $2.911B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.19 | $5.815M | 4.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 56832 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 161716 | 8 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |