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.
Usually when the falling price is not confirmed by the commodity...
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Last
$1.20 |
Change
-0.025(2.05%) |
Mkt cap ! $2.864B | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.21 | $1.17 | $4.505M | 3.788M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 17605 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 59107 | 4 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |