I guess - at the end of the day:
Brian Rodan - who already holds about a combined total of 21million shares / options in SNG wouldn't have been adding 500,000 shares to his holdings at the close to the near high levels (0.73c per share average) if he was not extremely confident of what he has in the ground there.
Im guessing the changing macroeconomic climate that seems to temporarily have taken away golds lustre has caused retail traders in for the short term and not seeing higher highs obtained to spark the cascading sell off - which was really kicked in the guts by whoever converted a bunch options a few weeks back dumping them on the markets. Alas everyone has their own reasons to sell and you can't blame anyone for taking profit.
I have been adding to my position with each of these lows. It seems the 35-40c mark is the floor, and we will be rewarded in time when the sleeping giant awakens
I guess - at the end of the day:Brian Rodan - who already holds...
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Last
7.8¢ |
Change
-0.003(3.70%) |
Mkt cap ! $15.68M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.2¢ | 7.8¢ | $63.53K | 798.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 7.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 45180 | 2 |
View Market Depth
| Last trade - 15.46pm 15/05/2024 (20 minute delay) ? |
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Last
7.9¢ |
Change
-0.003 ( 2.47 %) |
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| Open | High | Low | Volume | ||
| 8.0¢ | 8.0¢ | 7.8¢ | 109352 | ||
| Last updated 15.57pm 15/05/2024 ? | |||||
| SNG (ASX) Chart |