Some obvious events to look forward to that might move the SP upwards:
- Expansion of resources from drilling, hopefully with improved grades.
- Firming up on resources from indicated/inferred to measured.
- Improved recovery from metallurgical tests done by ANSTO.
- Scoping Study that far exceeds expectation (anything less seems to cause mkt to sell on this type of news!)
- Offtake partner announcements.
My gut feeling is that combined result of these events the SP could finally break past the 30c barrier, maybe get somewhere closer but probably won't go past the target prices set by the instos of around 40-50c.
I think the biggest impact to SP will more credible news/rumour of takeover. That could send the SP past the unknown territory!
Some obvious events to look forward to that might move the SP...
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $447.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $790.7K | 3.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 406907 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 514463 | 5 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
23.0¢ |
Change
0.010 ( 6.98 %) |
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| Open | High | Low | Volume | ||
| 22.0¢ | 23.0¢ | 22.0¢ | 1676307 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| MEI (ASX) Chart |