Buyer demand has disappeared ..... IMO until we get some clarity around IF the side track was successful and we are continuing to drill ahead unimpeded.
And YES, I know we will get an Announcement once we hit next TD .... blah blah .... but see how the phycology of the Market works.
Nobody wants to buy into this (in decent volume to move the price) until they get ...... REASSURED. As Drilling is / can be risky business.
Don't get me wrong, I am confident. I am just stating the obvious ... we need something +ve to get the Momentum back.
Hopefully Wednesday ??? .. or does someone else have a better insight here they are willing to post ???
Ann: West Erregulla Update, page-151
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $616.0M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.0¢ | $4.542M | 20.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 343465 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 563407 | 9 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |