Good post CB!
As often happens "participation" of the positive results tends to drive price before confirmation.
Mining shares are not flavour of the month and market is difficult to excite at such periods.Announcement did not capture any excitement and buying pressure subsided and along with it price moved slightly lower.
The driver for share price will be profits from now on.
The "Show me the money" psychology.
Management has been very adept and reliable so far and no reason why it should not continue to do so.
As income increases with surging production and sales, share price will move accordingly.
Long term this company is looking very positive.
Am expecting a surging share price - perhaps early into 2015 - when share price could be closer to 80 cents.
Cheers
Vidi
Good post CB! As often happens "participation" of the positive...
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Last
18.3¢ |
Change
-0.003(1.35%) |
Mkt cap ! $304.4M | |||
| Open | High | Low | Value | Volume |
| 18.8¢ | 18.8¢ | 17.5¢ | $517.9K | 2.870M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 564649 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 851456 | 11 |
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| Last trade - 11.06am 26/07/2024 (20 minute delay) ? |
| AMI (ASX) Chart |