Yes i agree. Even with exceptional results the market reaction can be hohum.
I think a lot has to do with the element of surprise (on the upside) for price appreciation. With a TH it tends to dampen the surprise. So with the TH the market is conditioned to expect a cracker result. Then cracker announcement is released and then the market goes "so whats next".
Upshot is that investors are disappointed becase the price doesn't go up as much as expected. Then they sell so the price appreciation is muted.
Hope I'm wrong in this case for SHN. Let's see what unfolds.
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SHN
sunshine metals limited
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9.09%
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1.0¢

Yes i agree. Even with exceptional results the market reaction...
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $20.87M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.0¢ | $45.05K | 4.085M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 10539212 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 661741 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 10539212 | 0.010 |
15 | 3463666 | 0.009 |
14 | 5434627 | 0.008 |
15 | 14577040 | 0.007 |
4 | 1328441 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 661741 | 1 |
0.012 | 80000 | 1 |
0.013 | 3308439 | 5 |
0.014 | 8058050 | 6 |
0.015 | 5959024 | 13 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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SHN (ASX) Chart |
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RC1
REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
SPONSORED BY The Market Online