I think you are overly pessimistic.
People can debate about drilling results, cross sections whatever - but they won't be able to debate resource updates. The SP will definitely go higher at that point.
The issue we have at the moment is different from 'Vic Farmer' days, when the stock was being heavily capped.
farzan is showing us that retail holders have been selling. The issue at the moment is these few retail sellers are prepared to continue to sell at 17 / 17.5 / 18 cents when the company keeps adding value. It's a giveaway really - just because there are option's exercisable at 17 cents does not mean this stock is worth 17 cents.
You can see the buyer interest is there - there at 16.5 / 17 cents. If sellers are going to keep giving them away, buyers can keep sitting there.
There is actually bugger all up for sale, no sign of a cap at all - not like the 'Vic Farmer' days.
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Last
4.8¢ |
Change
0.001(2.13%) |
Mkt cap ! $53.69M |
Open | High | Low | Value | Volume |
4.8¢ | 5.0¢ | 4.8¢ | $74.19K | 1.524M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 255074 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 633394 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 255074 | 0.048 |
4 | 63000 | 0.047 |
1 | 20000 | 0.046 |
4 | 630000 | 0.045 |
3 | 214400 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 513394 | 3 |
0.050 | 1136946 | 10 |
0.051 | 30000 | 1 |
0.052 | 292671 | 4 |
0.055 | 235000 | 2 |
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