The other day, I was sitting around a lunch table in Jakarta, and two of my lunch partners were FEG shareholders. Both said they had bought shares at 10 cents in a pre-IPO raise, and both were still selling their shares as they were still 'in profit' and needed the money. Neither of these guys was interested in the company's progress.
Until these types of shareholders have finished liquidating their holdings, the share price will not recover, and I suppose, by logical extension, 10 cents is a realistic stopping point.
If ERG were so keen at 25 cents, you would think they would be even more motivated at half the price!
Ann: Trenggalek Additional Porphyry Target Identified, page-3
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $47.04M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 16.0¢ | $33.32K | 201.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99999 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 11268 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FEG (ASX) Chart |