My view:
Yesterday was just thekids in the playground jockeying for position. In a few days we will know theseller. There will be no T/O until the JORC/s are in.
Management cannot recommenda T/O without a JORC & BHP et al will not bid until the resource is Tier 1with a mine life in excess of 20 years. BHP et al would rather pay $2B for afully defined resource than risk $500m on what could prove to be a 5 year mine.If it proves to be a 5-10 year resource they may/would buy the off-take. If it’s20-50 year mine they will buy the mine.
In the meantime theMACD is weak reflecting the uncertainty of the size of the resource andmanagements ability to start-up within the stated time frame and budget.
As always sell a fewon strength and buy a few on weakness until the MACD lines converge then itsALL IN.
Cheers
XanaX
One of the Padleybelievers
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.56M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $28.66K | 5.565M |
Buyers (Bids)
No. | Vol. | Price($) |
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83 | 27382912 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.6¢ | 21561682 | 19 |
View Market Depth
No. | Vol. | Price($) |
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83 | 27382912 | 0.005 |
24 | 21587313 | 0.004 |
12 | 14222887 | 0.003 |
11 | 9809998 | 0.002 |
12 | 23101100 | 0.001 |
Price($) | Vol. | No. |
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0.006 | 21441682 | 18 |
0.007 | 40064890 | 61 |
0.008 | 13123029 | 27 |
0.009 | 10059673 | 19 |
0.010 | 4332674 | 9 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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