I'm now not sure that news is required for the SP to stabilize.
The placement at 11.5c was over-subscribed and I would have thought some of those particular holders, who are committed to NEU over the medium term, might be looking to top up at current prices.
The prospect of NEU being successful is no different now at 6.5c that it was at 13.5c.
During this retracement, there hasn't been one piece of negative news.
how low can you go?, page-18
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Last
$15.61 |
Change
0.010(0.06%) |
Mkt cap ! $1.995B | |||
| Open | High | Low | Value | Volume |
| $15.64 | $15.93 | $15.44 | $8.412M | 538.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 558 | $15.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.66 | 1841 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| NEU (ASX) Chart |