Australian investors would have seen the bad news (via news articles - see the ABC article on 21 JUne 2022: Queensland budget 2022: Winners and losers) and made a decision to sell before 30 June or after, for tax purposes. And the sellers won. Not to mention the short sellers taking advantage of a potential drop.
Despite the time gaps sellers are still likely to come from overseas: the Japanese and other asian funds in the afternoon (AEST).
The Europeans will be next.
The US (US had a holiday on Monday) will be last, unless there are a couple of early birds taking note of the news articles published explaining the new royalty levels.
Bottom line I am now expecting wild swings of ups and downs as investors go: 'What the!'; followed by: 'The price is too low to resist.'
Personally I'm still at: 'What the!'
Australian investors would have seen the bad news (via news...
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Last
$3.97 |
Change
0.080(2.06%) |
Mkt cap ! $3.578B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $3.97 | $3.88 | $3.635M | 920.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5419 | $3.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.97 | 1681 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SMR (ASX) Chart |