Price rise due to "short covering and retail buying" ???
I don't think so.
Up 13c for the day on a turnover of 2.3+ million shares.
Next stop $1.80 .... and we can only speculate on the reasons.
Either it is grossly oversold based on its tantalum and gold assets .....
Or ... it is in a predator's takeover sights.
The rise has been too protracted and on very strong volume for it to be simply "short covering" or "retail buying" (whatever that means).
There could be a company announcement .... or an ASX inquiry into the price rise .... soon.
- Forums
- ASX - By Stock
- SGW
- takeover possibility
SGW
sons of gwalia limited
takeover possibility, page-4
Featured News
Add SGW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online