We are all looking for a BIG annoucement and BIG response.
However the market does not seem to be in the mood for pouring additional risk capital back into energy or mining sectors due to the dark clouds that have formed recently.
Riversdale had a great accouncement today with an 84% increase in coal reserves to 502 million tonnes, confirmation of coal quality and a great partner in Tata Steel pushing to fastrack development plans.
Also Riversdale has it's mines in Mozambique which has less Sovereign risk then Rudds supertax Australia nowadays!!
But unfortunately the market is just not buying good news stories for the time being and the SP response to Riversdale's news was disappointing with a 0.5% rise on the day.
Here's hoping KAR gets a bit more love in the next week or 2!
calm before the storm?, page-4
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Last
$1.48 |
Change
0.000(0.00%) |
Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.48 | $9.090M | 6.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34975 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 3831 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |