Cmulli, I wasn't refuting your point. I should have clarified that I believe there are also other factors at play especially the general heightened aversion to risk within the market.
I meant to add that you can see the general downtrend in the charts started prior to the announcements that were perceived as poor (10/10 for GOA and 11/10 for FNT).
The 26 September shakeout of the market in general really seemed to heighten the downtrend (especially in FNT's case). The announcements haven't halted this as they're just not what the market is looking for or seems to understand.
I shouldn't post late at night when in a rush. I'll also lay off commenting about charts too.
chart, page-33
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0.4¢ |
Change
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Mkt cap ! $9.774M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $23.46K | 5.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2902637 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 23838971 | 28 |
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| LNR (ASX) Chart |