You could well be right on the chart but I am not as negative on the FA as you. I think Itapitanga will continue to throw up at worst steady results, with the possibility of an upside shock and Pebas could be interesting. I feel like very little is priced in for Pebas.
And to be honest I don't think much was priced in for Salobo either. I understand the negative sentiment around the drill delay and it could be the stand-out asset but it was Itapitanga that finally pushed us through the 1c barrier and it has been the stead news flow from it that pushed us up into a new base.
People may be disappointed that intercepts haven't been thicker but when you have companies like MEI trading at $20m, EUC and WFE trading $50m+ etc I don't think we are overvalued from an FA perspective. It's still early days.
As this is the chart thread though I think you're fair enough to make your chart calls. I would be lying if I said I hope they work out for you because that is counter to my investment but interesting to see a charting method outside the norm.
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Last
35.0¢ |
Change
0.020(6.06%) |
Mkt cap ! $173.6M |
Open | High | Low | Value | Volume |
34.0¢ | 35.0¢ | 33.5¢ | $66.55K | 194.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2489 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 19987 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2489 | 0.345 |
1 | 40000 | 0.340 |
2 | 31141 | 0.335 |
5 | 62421 | 0.330 |
4 | 49999 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 19987 | 1 |
0.360 | 8763 | 1 |
0.370 | 969 | 1 |
0.380 | 8399 | 1 |
0.390 | 50000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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