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
35.3¢ |
Change
0.003(0.71%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 34.3¢ | $831.3K | 2.383M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 613386 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 882751 | 37 |
View Market Depth
| Last trade - 13.58pm 22/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
