I agree. With capital raising some sell off was justified with the dilution. But this reeks of tax loss selling and weak hands puking at the (hopefully in hindsight) lows. Cutting the dividend in half probably didn't help either, but it was cut for prudent reasons to fund mcphillamys, not because of a hit to their revenue. Being a pure Aussie miner is a plus as well in my book.
Under valued, page-49
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Last
$1.81 |
Change
0.035(1.97%) |
Mkt cap ! $1.367B | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.89 | $1.81 | $9.142M | 4.978M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 42425 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 63692 | 5 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |