There is still a big seller out there - Disgruntled Chinese associate or Regal...quite predictable behavior to punish
new Mgt for wrestling back control.
or similarly, Regal taking a profit as they have to report Qtrly results & selling some will de-risk a tad too.
Seen it all before after 20 years in stockbroking.
So for all the S/T Traders momentum & technicals aren't everything but intrinsic value will be rewarded in time.
This is a very valuable project with a quality Mgt team who have the experience & contacts to pull it off.
You may be surprised in time how well this works out.
The real risk is Capex & this will be addressed by the BFS.
Having said that, $1.4 B is not a huge amount to establish a premium Iron ore producer with lowest percentile costs.
Give it time, patience will be rewarded.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 2.2¢ |
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Price($) | Vol. | No. |
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2.4¢ | 192368 | 1 |
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1 | 50000 | 0.022 |
11 | 867563 | 0.021 |
11 | 3577186 | 0.020 |
7 | 2631683 | 0.019 |
3 | 722276 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 192368 | 1 |
0.025 | 110571 | 2 |
0.026 | 35000 | 1 |
0.027 | 701353 | 2 |
0.028 | 746290 | 3 |
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