Can't really answer the question, wouldn't answer it if I could, would be too busy making mad piles of cash.
Here's the two sides of the argument:
Factors pushing share price higher:
- 30m shares ready to buy at 2c+, steadily being replenished as sellers hit them
- Expectation of a maiden JORC at any moment (it was supposed to be released in October)
- Many would say the market cap is too small for what we have (I'm unsure of this, but it has been said a lot).
Factors pushing share price lower:
- LIT still probably hold 60m that they could dump at any moment
- Still some months away from announcements about feasibility studies, which means share price can drift lower in absence of news.
- Many have said the dilution hasn't kicked in yet. I disagree, and think said people don't understand what dilution is. But we might see people selling their new shares they receive. Given they were bought for 1c, there could be quite a bit of volume that is sold for a quick profit.
Figure out which side you think will win and it will tell you what to do. Good luck!
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $33.54K | 16.76M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 113 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 91589703 | 51 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 113 | 0.005 |
156 | 139415299 | 0.002 |
47 | 181739247 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 91589703 | 51 |
0.004 | 34250390 | 38 |
0.005 | 11136545 | 11 |
0.006 | 9296154 | 15 |
0.007 | 4963896 | 6 |
Last trade - 15.59pm 22/07/2024 (20 minute delay) ? |
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