The market is not as strong as some would have us believe.
The evidence being in MAK today where good news was met by selling down below the opening prices. OK, I know we have a cap raising, but punters don't have to subscribe and, as a result, don't have to sell down to get funds.
This substantial increase in results should have been good for a 10% sustained price rise.
There are analysts following this so MAK should improve again as the reports come out from them.
Also, expect better reserve numbers again soon.
trading halt namibian project, page-19
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.04M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $60.11K | 6.011M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 6166617 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3644602 | 8 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| AEV (ASX) Chart |