yeah a couple of things probably really took the heat out of the positive rerate in March:
. the exercising of a chunk of options that washed through to the market and
. sale of all mining tenements where by the company transfer value directly to shareholders.
this oversupply has probably run its course now, and as your chart shows we are back to longer term support and the strong rerate over the longer term remains positively intact.
What is happening, page-60
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Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $91.74M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 36.0¢ | $14.10K | 38.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 113839 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 1188 | 2 |
View Market Depth
| Last trade - 12.01pm 11/07/2024 (20 minute delay) ? |
| AXE (ASX) Chart |