Lots of small trades. Cannot see that any fundamentals have changed.
Looks like price manipulation to me - down most of yesterday only to finish up 5c at the close and then a drop today on low volumes. Not sure what the motiviation could be with still such a relatively tight register.
Add the cash from the last vessel to sail in March to the $99M cash we had a end of 1/4 plus another good quarter where the $A is starting to cushion the downside in ore prices and it should be a good annual report.
From my reading of the quarterly, management were budgeting on a relatively large production spend in the June quarter which should mean good volumes.
Heopfully a blip.
Lots of small trades. Cannot see that any fundamentals have...
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.0¢ | $55.98K | 226.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 298772 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 68583 | 3 |
View Market Depth
| Last trade - 15.57pm 08/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |