Why?
SP on day 2 after ann. ran to 36c but then sold down to 25c
Still over 100% gain from Monday but not a great signal of confidence for this horn blowing announcement.
What am I missing here? Is the ann. not as good as the grades sound? Too shallow, not long enough strikes, not enough drilling to estimate resource to justify such a high MC yet?
No down ramping, just want to understand the ann a little better.
Market not impressed
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.84M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.2K | 200K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 27233864 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 30485911 | 31 |
View Market Depth
| Last trade - 10.06am 30/07/2024 (20 minute delay) ? |
| OAU (ASX) Chart |