The Norweigen Sovereign Wealth Fund (Norges Bank) is not shaking out anyone. They show up in the holder notices because they are on the 5% cusp but the actual volumes are not anywhere near enough to cause the recent falls.
The selling pressure is widespread among the mid-cap gold names (NST excluded). RRL, EVN and RSG all struggling. See video below where I discussed it.
I do wonder that SBM might be planning a deal of some sort soon given it seems to be under the most pressure. Takeovers are clearly in vogue again after a long hiatus from the mid-cap producers.
Selling Pressure, page-5
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Last
34.5¢ |
Change
-0.005(1.43%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 34.3¢ | $1.264M | 3.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 194355 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 70040 | 4 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
