This selling started at 26.5 two weeks ago and has been relentless. Has nothing to do with Covid and or the Dow imo. No doubt this weeks Omicron has added fuel but not to the degree of selling we've seen.
Mainly selling by Sophisticated investors selling at a premium to the CR...and they're making good coin seeing they paid 12c.
Just a question of when they cease in order gain on the balance. Positioning is taking place, tree shaking...and quite successfully by the numbers!
As mentioned recently, we've sitting in a great position with regards to fundamentals. Anyones guess to when the momentum will swing back, but with Final FID, Offtakes, letters of Support from two sectors of Government and a RE price that has risen and sitting at all times highs. Add to that approx 10 Offtake partners vying for product, expectation and upwards pressure will be upon us soon enough.
Consolidation over, Time to shine, page-246
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $450.5M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $534.1K | 2.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 631081 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 91095 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ARU (ASX) Chart |