Mining8, I just don't get it. 7 business days to go and 2 massive announcements on the way and sellers are feeling the urge to push this from 9.9 cents to 8.6 cents in less than 2 trading days.
Fundamentally we are:
- better diversified
- closer to results
- closer to drilling at Zola and Ringwood
- closer to re-rating metallurgy followed by sales contracts
Yet we are trashed like SGH (that has a reason for it) when there is no real reason for it. I was expecting a 9.2 cents close today in anticipation of positive news on Monday. I wonder why our register lacks believers?
I feel anything short of outstanding results will attract more selling pressure and the flushing cycle will continue day in day out.
No cornerstone investor is subjecting us to bot padding and trading manipulation (apparently all legal).
The announcement highlight reel has been commendable but the show of support has been abysmal.
Management, please flush out these manipulators with a trading halt. It is time they go to another stock and stop ruining the CXO party.
Mining8, I just don't get it. 7 business days to go and 2...
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.4¢ | 9.1¢ | $1.765M | 19.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 618024 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 285600 | 4 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |