There is clearly public interest in the WA govt making an equitable decision in this case – Rio completed the right paperwork at the right time, and the courier unfortunately didn’t deliver them as Rio expected it would; therefore, imho, the minister will make the decision for Rio on the basis that it is simply/clearly in the public interest for it’s elected representatives to make equitable decisions – it doesn’t need to be any more complicated then that. Rio has invested massive $ into WA via iron ore infrastructure e.g. road and rail, and a problem with a courier is hardly going to cost it the SH leases. To me, it’s no wonder the SP is falling as the decision approaches – why wouldn’t you take profits before the minister decides in Rio’s favour?
When Sam Walsh says that he’s ‘quietly confident’, I think the translation is that he knows Rio is going to win, but he obviously can’t be seen to know this.
While I guess anyone (like me) who thinks that Rio will win, will be told they are trying to down ramp to buy more, I could say it’s just as equally likely that those people saying they are ‘holding and buying more’ are trying to up ramp so they can get out at a better price before the announcement - who knows really! But for what little it’s going to be worth, I honestly don’t hold any caz, haven’t done and aren’t intended to get any.
If I'd had any caz shares, I'd have been selling yesterday like ALEXB16.
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Mkt cap ! $9.093M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $8.189K | 409.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 312977 | 1.9¢ |
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Price($) | Vol. | No. |
---|---|---|
2.2¢ | 430408 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 312977 | 0.019 |
2 | 192000 | 0.017 |
2 | 550001 | 0.016 |
1 | 36333 | 0.014 |
1 | 1000000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 430408 | 4 |
0.023 | 210000 | 2 |
0.024 | 200000 | 1 |
0.026 | 35000 | 1 |
0.027 | 182000 | 2 |
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