If Sandon wants out (possible), there may be a bit more pain, and a lot of pain if STAM want out (unlikely?).
It will ultimately depend on whether Who Dat issues are temporary/solvable.
Exploration (currently drilling and up to 3 wells) success/failure will also have some impact.
Eventual share price recovery will likely be slow and prolonged as there is likely to be a lot of shareholders wanting to get out even.
Production will be on the low side (announced: scheduled Bauna maintenance, Who Data issues) for the next two quarters.
Looking only at the chart, the technical message would be "better opportunities elsewhere"!
Only saving grace is that current level could be nominated as support (blue horizontal line).
KAR - Chart, page-218
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Last
$1.37 |
Change
-0.020(1.44%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.42 | $1.37 | $7.020M | 5.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 100413 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 25676 | 2 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |