Some worthwhile references and points to consider:
John Kenneth Galbraith - “In economics the majority is always wrong.”
http://en.wikiquote.org/wiki/Talk:John_Kenneth_Galbraith
See also: http://www.breakawaydigger.com/arti...ators-but-hes-right-more-times-than-hes-wrong
This weekend was a little bit more subdued compared to last weekend when the TON forum was predicting a major gap up on Monday morning.
I don't believe the UBS (and others) buying has finished by any stretch of the imagination.
TON is getting closer to the upgraded JORC announcement - the largest high grade graphite and vanadium deposit in the world. BB is in China for off-take negotiations. The wet season is effectively over with 2015 drilling to commence in April. TON has an A$20M equity facility in place for 2 years an insurance against economic downturn.
IMO, this rerate is real, measured and sustainable, is institutional and day trader driven, at a lesser gradient to last year, allowing many to build positions.
Love them or hate them day traders are part of the fabric of owning stocks and provide liquidity and momentum (either way) and are usually there during initial stages of economic recovery.
See also http://symposium.net.au/articles/locantros-life-speculative-portfolio-construction/
"On July 26 2012 [SIR] announced a major new nickel-copper discovery that defined a potential new province. In a dire market the initial reaction was subdued with the shares racing to 24c-24.5c before dropping back to 19c and stopping out many who had rushed to get involved"....
The rest (as they say) is history.
GLTA and please DYOR.
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $14.11M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $259 | 26.13K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1280209 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 122784 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1280209 | 0.009 |
6 | 770529 | 0.008 |
4 | 492850 | 0.007 |
2 | 416660 | 0.006 |
2 | 899995 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 122784 | 2 |
0.012 | 491367 | 5 |
0.013 | 1538461 | 1 |
0.014 | 200000 | 2 |
0.015 | 1333333 | 1 |
Last trade - 15.57pm 12/07/2024 (20 minute delay) ? |
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