There is something strange going on with this this stock. Since the beginning of the month the share price has slipped about 12%, the question is why? We have had 2 announcements and an interview from the boss, while as vic in his over the top down ramping has pointed out we don't have 300 million tons jorc of hard coking coal we DO HAVE confirmation of shiny black coal running over 3.5km at shallow depths with thick multiple seams (in places) while by no means a certain winner the project certainly has progressed in a positive way. So again why 12% down when the overall market is stabler than it has been for a while? my theory is the price is being manipulated in preparation for a takeover bid. opinions anyone other than Vic please.
the motherload?, page-45
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Last
$1.85 |
Change
-0.055(2.89%) |
Mkt cap ! $2.172B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.84 | $8.102M | 4.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 140129 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 3784 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |