COK cockatoo coal limited

Can't see how day traders benefit. The sale at 0.1 cents...

  1. 61 Posts.
    Can't see how day traders benefit. The sale at 0.1 cents yesterday was tiny, a few hundred dollars. If you want to buy at 0.1 cents you join 165 others, trying to sell 500 million shares. At current volumes that will take 4 years to clear.
    The current situation with no flexibility on pricing is deterring trading. There needs to be a consolidation. The big question is the future of China's steel industry. Baralaba is in a good competitive position - but does it have enough strength to last out the current slump?
 
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