9 million shares have been traded since Tuesday which is more than the last 3 months plus combined and the price just continues to fall to new lows.
There hasn't been any significant volume since the 28th september cut off announcement for eligibility in the SSP so it would appear that the sellers held the shares previous to that date and are selling at a loss and probably significant losses.
I can understand the lower the price over the next 5 days the lower the price if you take up the SSP offer, but I can't under stand the sudden sell off.
Is it a take a Capital Loss buy back in lower, strategy or
is there some trading strategy that I am missing?
Totally confused what to do on this one.
JMHO......Cheers Peteski
what's the go ?
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $10.92M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $1.034K | 258.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2665921 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 6327266 | 18 |
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| Last trade - 14.55pm 30/08/2024 (20 minute delay) ? |
| RIL (ASX) Chart |