I’m understanding.
It has been a very long wait for this. April last year they mentioned they were in advanced stages, and the share price has slowly, slowly eroded since then. Tiny volumes, but a lot of sellers would have been holding for years to make a profit.
Selling the news will always happen, but with 12 million shares traded above 8c that’s now a huge base of support at this level.
I agree that today would have been a day traders dream, but the strength of this announcement will be realised in coming days with people looking at the long term profitability of the resource.
With 70% of production accounted for in off-takes, financing becomes much, much more attainable.
The Chinese Government is projected to spend $5Trillion on 10,000 new infrastructure projects (which might just require some tungsten). That could be a good thing for Tungsten prices and therefor the SP in the years to come.
I’m holding, if not buying if we get a dip
DYOR
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Mkt cap ! $29.11M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $2.012K | 69.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 387775 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 100275 | 1 |
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No. | Vol. | Price($) |
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3 | 387775 | 0.028 |
3 | 215685 | 0.027 |
5 | 271510 | 0.025 |
3 | 176300 | 0.024 |
1 | 117000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 100275 | 1 |
0.033 | 20000 | 1 |
0.036 | 175000 | 2 |
0.037 | 150000 | 1 |
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