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
$1.05 |
Change
0.020(1.95%) |
Mkt cap ! $2.504B | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.05 | $1.02 | $6.125M | 5.901M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 32879 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 44367 | 1 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |