I think you are missing how corrupted the Australian market is and how the ASX has all of the big players (In house) smashing the Australian share market like they have almost crippled resource shares in Canada.
The high velocity controlled computer trading was very similar today as yesterday. With 4.8 million shares sold with 3,389 trades.
The 4.8 million represents 0.5% of the issued shares and the price went down 5.6%. This is against a favourable background of gold being A$2,500
per ounce.
83% of trades were for less than 2,000 shares and 23% were for trades for less than 100 shares. Ask yourself how these numbers can be virtually the same for both days. There were 62 trades over 10,000 shares.
These statistics clearly show a predetermined strategy to drive the sp of GOR down and set an unrealistic price.
I have again topped up on GOR shares because I know I have a 50 % upside in the next 6 months.
Do you seriously think Van Eck who paid $1.75 and many of the other overseas institutions think GOR is Worth $1.35.
I believe they see GOR as a bonanza. But the current management need to hurry up because the institutions will not wait for ever.
This is not financial advice.
Keep The Faith
Gold Investors Unite
I think you are missing how corrupted the Australian market is...
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Last
$1.73 |
Change
0.060(3.59%) |
Mkt cap ! $1.874B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.78 | $1.71 | $25.98M | 15.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40541 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 46799 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| GOR (ASX) Chart |