Reasons?
- The market is down over 1%
- AQA is a thin stock & highly volatile
- Shes broken her lower trendline, ST holders dont like that
Im guessing we could see some overall sideways movement for a while with some noise around the $6.50 level. Remember that Baosteel can take up to 19.99% of AQA but could only take 15% intitially due to placement restraints (would require shareholder approval for placements over 15%).
I wouldnt be surprised to see them top up on market if the price was right.
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