Anyone who expected this to close higher than 3c today was wrong. There is no (known) news today; it is all volume based (for the past week) and new buyers getting in - fair play. The stock is currently worth high 2's IMO based on the finances and current news. Drilling results, based on the evidence of nearology etc seem to indicate a high chance of finding gold (and a lot of it), although we will not know 100% until the announcement/s hit.
The volume over the last 5 trading days has been encouraging and shows people are starting to wake up to not one, but three other projects. As an early investor who has a large holding, I am happy with the increases and look forward to the LONG term future. I am also happy seeing a high number of sellers with a measly 92M shares for sale - this indicates short termism, which - in light of impending announcements, can only be good for long term holders.
As always, DYOR.
Roger
OAR Predictions, page-182
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.601M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.038K | 519.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 171497753 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 55267116 | 16 |
View Market Depth
| Last trade - 10.27am 10/09/2024 (20 minute delay) ? |
| OAR (ASX) Chart |