Something is wrong. Very wrong.
I don’t know exactly what but, when a company with good quality in-ground assets that has commenced sales (in our case, LNG) and has clearly got expenses under control is sold off like stale fish, there is something wrong.
My theory (and I could be completely wrong here) is that it is geopolitical in nature.
Here we have a major SH that is Chinese. We also have a company that is producing an essential product needed by the USA. The USA will lend cash to scale up development of Phase 2.
BUT; look at the recent expressions of bile and venom by the USA against China. The USA might not want to fund something that comes partly under Chinese control.
I am open to hearing other explanations for the selloff.
Nasdaq Listing and Fair Value, page-44
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Last
82.0¢ |
Change
-0.010(1.20%) |
Mkt cap ! $24.86M | |||
| Open | High | Low | Value | Volume |
| 86.5¢ | 86.5¢ | 82.0¢ | $24.02K | 28.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2274 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 4755 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
82.0¢ |
Change
-0.010 ( 1.80 %) |
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| Open | High | Low | Volume | ||
| 86.5¢ | 86.5¢ | 82.0¢ | 2395 | ||
| Last updated 15.58pm 14/06/2024 ? | |||||
| RLT (ASX) Chart |