I guess a lot of investors who bought the SPP at $3.04 are selling as they see their profits shrink and possibly turn into losses - on paper, that is.
With the quarterlies due in a few weeks, I can't see management issuing any "reassuring news" to halt the slide at this point.
I found this HC posting on the AGO site which does give the other side to the IO story.
9202765
There is also the Sky News report which is encouraging.
http://www.skynews.com.au/businessnews/article.aspx?id=856251
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I am fairly confident that this will be a very profitable quarter and that we will see an upgrade of the resource and mine life when it is released. In the meantime, this looks like a good opportunity to top up our holdings.
I guess a lot of investors who bought the SPP at $3.04 are...
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Last
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.0¢ | $861.7K | 3.481M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 117457 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 50173 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BCI (ASX) Chart |