Lex,
Where do you think the selling pressure is coming from? Looking at the last top 20, its hard to see where 14 million shares were placed. It seems like some who took up the placement are now selling to get out of this disappointing stock. Now management said they were going to the Chinese market for stability...well they were wrong. Their poor choice of broker is not only hurting us now but it also hurt us when Pattos sold out prior to the placement for being over looked.
There are no complaints from me about the resource. It is what it is. Its the previous delays and poor decisions by management that have crippled this stock and left a bad taste in many mouths.
We need several big hits in a row and it needs to be HCC to possibly see this move. We need the seam to be wide. Drilling thus far has struggled to find width.
mongolian risk-reward, page-6
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Last
$1.43 |
Change
0.045(3.25%) |
Mkt cap ! $1.830B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.46 | $1.42 | $6.930M | 4.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 64055 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BGL (ASX) Chart |