NTU 6.25% 3.4¢ northern minerals limited

guys,i hate being a party pooper, and whilst what you are saying...

  1. 473 Posts.
    guys,

    i hate being a party pooper, and whilst what you are saying is correct, the problem is that once the shares trade ex-bonus entitlement (XB), the share price of the underlying stock falls...

    So even tho NTU is at 80cents now, it is likely to fall by about 20cents or so once the it goes XB...

    A good example, however, of one stock holding its ground is "UTO" (U3O8).... It was trading around 87cents before the options entitlement....

    Its now trading at ~62cents, and its options at ~37cents so it makes an effective share price of 80.5cents = 62 + (37/2)...

    This is what is likely to happen with NTU...

    P.S. If you haven't checked out UTO, I ask you to do so... they will be announcing a JORC compliant uranium resource in Q2 this year, which will cause a stock re-rating... my bet is that it will go to about 90cents on the back of this.... and will hit a price target of just over $1.00 by year end...
 
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Last
3.4¢
Change
0.002(6.25%)
Mkt cap ! $189.1M
Open High Low Value Volume
3.3¢ 3.5¢ 3.2¢ $100.0K 3.012M

Buyers (Bids)

No. Vol. Price($)
6 340788 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 656282 3
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Last trade - 15.31pm 26/06/2024 (20 minute delay) ?
NTU (ASX) Chart
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