SRL 8.97% 42.5¢ sunrise energy metals limited

General data, page-878

  1. 401 Posts.
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    0.4 percent of stock traded. The pattern of trades didnt look like an iceburg large seller trying to get a large chunk away. If you want to get rid of a meaningful bundle, you don’t keep taking out the bid with small parcels as happened last 2 days. Why would someone trying to get rid of 3 or 4 or 5% get rid of perhaps 0.2% (at most) whilst driving the price down 20% and destroying the value of the much larger part of their holding. The big players are a bit cleverer than that

    IMO this was a small stale bull or two selling, plus a tree shake from an institution in a fragile, thin market.

    Don’t mistake price for value longstory. You comment incessantly on the price as if that validates there being little value. When it was $3 were you holding. Did you equate that with value then? If so, is it actually worth 58c or $3 in your mind, or do you just vaccilate with the share price. You said you sold when the price was at 56c. I think that may well have been the bottom. Who knows though. But at least i’m taking a view of what i think the real value is - and i think right now somewhere between $1 and $1.50. With an equity parter deal, more like $2 plus
 
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Last
42.5¢
Change
0.035(8.97%)
Mkt cap ! $38.34M
Open High Low Value Volume
38.0¢ 42.5¢ 35.0¢ $30.46K 79.23K

Buyers (Bids)

No. Vol. Price($)
1 14600 37.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.5¢ 2875 2
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
SRL (ASX) Chart
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