Thankyou for that. I just feel that there is really no management update or investor update on what is happening at South32, for a top 20 company to fall so dramatically, basically questions your thesis of investing into top 20 companies. Think about it if your investment cannot be safe in a top 20 company, then where do you park your money?
BHP goes up, South 32 goes up a little or falls,
The sellers broke the previous low of $3.06
To fall almost 40%, your being treated like a penny stock, never have I seen so many red candles across a chart in such little time frame - there is no desire to buy, or buyers are on a strike, waiting for commodity prices to fall further.
They wrote down the value of Hermosa, to me that's reflective of saying there is no value in the whole project. I am an tax accountant and see why they wrote it off, but that seems to send a wrong message to the market? Then they are saying there is a FID due next quarter....
I wonder what Graham has to say about this - Just feel that they are distracted with other stuff, and focus has kinda of diminished
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Last
$3.62 |
Change
0.000(0.00%) |
Mkt cap ! $16.39B |
Open | High | Low | Value | Volume |
$3.64 | $3.67 | $3.61 | $47.73M | 13.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 403303 | $3.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.63 | 272610 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 43860 | 3.610 |
14 | 58201 | 3.600 |
5 | 29523 | 3.590 |
10 | 46649 | 3.580 |
7 | 29983 | 3.570 |
Price($) | Vol. | No. |
---|---|---|
3.640 | 1300 | 1 |
3.650 | 7575 | 4 |
3.660 | 23170 | 5 |
3.670 | 188251 | 6 |
3.680 | 87533 | 7 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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S32 (ASX) Chart |