Yes, I really like their chances of success.
I bailed due to:
- The surprise move up in the SPP price. 15c is good for the co, as it prevents too much dilution, but it does make the recent run look a little orchestrated, and is not as 'good value' as 10c would have been, as it has been hanging around 15c for a while.
- I have been burnt a few times recently by SPP's that did not have good market support: IRL/RBM/MXR, and I am trying to prevent another hit. Had there been more buy depth and reasonable volume I might have held.
Not to say the share price wont see support now and go back up to 20c, but I will be a little more skeptical this time.
It is an interesting stock, and I will consider re-entry.
coal, page-34
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.616M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500499 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 40 | 1 |
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| Last trade - 10.06am 17/10/2024 (20 minute delay) ? |
| REY (ASX) Chart |
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