PRX 20.0% 0.3¢ prodigy gold nl

I think the thing we should take from the substantial CXA trades...

  1. 261 Posts.
    lightbulb Created with Sketch. 1
    I think the thing we should take from the substantial CXA trades is that given the platform is aimed at large volume/frequency traders, is that the big money is starting to role into ABU. Its perhaps not yet being reflected in the share price because so many people seemingly can't wait to get out as soon as the price rises. Clearly these people selling don't believe we will get the ML or just simply don't understand the economics of this project, and presumably the people buying do believe in the company.

    I think the fact that this didn't run after the quarterly is a good thing as it means the weak hands (likely to be people who were burned on the way down and just want out) are being replaced by investors who are actually looking at the fundamentals. This should mean that when (if, I suppose) we get the ML and start making money the price action won't be subdued by people looking to sell On any positive movement.
 
watchlist Created with Sketch. Add PRX (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.001(20.0%)
Mkt cap ! $6.353M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $2.106K 702K

Buyers (Bids)

No. Vol. Price($)
29 23188615 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 17701854 22
View Market Depth
Last trade - 16.10pm 30/07/2024 (20 minute delay) ?
PRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.