Love it or hate it the Chinese are playing this share with a go away - come back approach and to me look like they have their own agenda.
Add to that folks who may have borrowed funds for a quick stag profit and were always were going to sell some shares quickly , and a possible stall in the north movement of gold and $1 isn't out of question.
I sold my most of holdings about this price and have everything to gain by picking them up on the cheap just to be very transparent . Missed the high by a mile but that's what you get selling into a strong rally
I have also been with the company as a shareholder long enough to see it get some of the richest gold strikes p/tonne in Australian History & look like never looking back at about $1.60 a share and then dropping to about 60 cents releasing nearly all good news along the way leaving people scratching their heads. Wonder how many folks still have the $1.60 average on their spreadsheet.?
Never assume especially when the G.P seems to have this boat on its tide for now.
My two cents for today, likely to be downgraded by 50% by some is it will bounce within a range until the last half hr and then make a dive or move up as tomorrow's gold futures lead the big boys.
Good luck. Great company, great future. Its a fickle share still.
Just saying.
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---|---|---|
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1 | 5045 | 16.490 |
2 | 3395 | 16.470 |
2 | 6822 | 16.420 |
6 | 3089 | 16.400 |
Price($) | Vol. | No. |
---|---|---|
16.510 | 15856 | 3 |
16.520 | 9742 | 1 |
16.530 | 9520 | 1 |
16.540 | 9792 | 1 |
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