NK you could well be right certainly there have been some odd goings on, some seeming just a bit too coincidental.
Had the still unexplained volume spike then the ASX query over Gip being funded which seemed odd at the time as alluvial tin revenue was expected by the wider market to come flooding in.
http://www.asx.com.au/asxpdf/20130207/pdf/42cx4mh9ftgcmq.pdf
However suddenly seems there had been a problem with the alluvial tin dating from January which meant there would be a delay in the alluvial tin operation meaning a funding gap at Gippsland.
http://www.asx.com.au/asxpdf/20130305/pdf/42dgj8v4bh9pgc.pdf
However Gip did not sell of stake after Heemskirks big upgrade.
One hypothetical theory could be that someone got wind of what was going on at Gip over delays then got wind of the cash raising and or the good news about Heemskirk.
Only a theory but would explain the selling and the buying.
Possible that selling will dry up as even if someone bought in for a quick profit they may stay after seeing what a good prospect Heemskirk and Stellar are now.
Flamencojazz people would be mugs to sell at 7 8 or 9 cents when the Octa phillip Target was 34c a share before the upgrade.
http://www.stellarresources.com.au/images/ASX_Announcements/2012/20121005-octa-phillip.pdf
Sears a lot depends on Resource capital funds as well with their big but hopefully they are looking for a multiple of their initial investment around 30, 40 cents at least. Pity they are so much of a silent partner as if they piped up and hinted they would looking for that kind of long term return it would help the “nervous nellies”
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=AU%3ASRZ&insttype=Stock&freq=1&show=&time=9
http://www.asx.com.au/asxpdf/20120214/pdf/424bq4hcky3qv7.pdf
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $35.35M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $58.59K | 3.394M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1469312 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1599132 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1469312 | 0.016 |
4 | 2143343 | 0.015 |
1 | 1000000 | 0.014 |
3 | 375000 | 0.013 |
2 | 129166 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1599132 | 1 |
0.019 | 2325110 | 6 |
0.020 | 2312029 | 3 |
0.022 | 200000 | 1 |
0.023 | 250000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
SRZ (ASX) Chart |
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