PRX 0.00% 0.4¢ prodigy gold nl

Didn't like that low .36c trade today, may not bode well for end...

  1. 307 Posts.
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    Didn't like that low .36c trade today, may not bode well for end of week close price. Not sure if the Coyote announcement is all that relevant to the current trend down. It wasn't really a prerequisite before just some nice icing on the cake if it happens, I think ABU should still have remained attractive to holders without it, so much for the fundamentals.
    The problem is once this snakes & ladders effect gets hold it makes it more difficult to break the highs. Traders buy on the way up from mid 30 sell later mid 40 on the way down and then repeat the process.
    Good timing over the last 2/3 weeks and they could have made a nice few grand profit less the CGT. Of course when shareholders refuse to get pulled in, hold on longer to keep a more stable share price then the DT's may lose interest and look for a quick buck elsewhere.
    But on the day miners in general have traded lower, it also seems that a sub 1300 gold price triggers sell, sell, sell, and over 1340 is buy, buy, buy.
 
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Last trade - 19.00pm 29/03/2024 (20 minute delay) ?
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