I feel your pain @TheGriffin. I am hoping that the company will not need the June quarter drilling results to produce the maiden resource estimate but I cannot rule out the possibility that the board will decide to do that. I have been around long enough to know that these things happen. Naturally, the weak hands will be inclined to abandon the company should the company do this. And you know what they say, for every seller there is a buyer and I would love to know who is accumulating all the shares that are being sold. That knowledge alone could put a floor under the share price if there were just one or two buyers soaking up all the shares.
The present weakness in the share price may, to some extent, be attributed to a global liquidity shortage. The shares of gold miners are a barometer for global liquidity and the current weakness is being pointed to as a symptom for a liquidity squeeze. This weakness is likely to persist until the new US administration gets their stimulus package through the congress and the senate. The best guess is thought to be late March or early April for this. This is likely to be the best explanation for share price weakness if it is not attributable to the orphan period.
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$1.24 |
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Mkt cap ! $2.971B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 77673 | $1.24 |
Sellers (Offers)
Price($) | Vol. | No. |
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View Market Depth
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10 | 56977 | 1.235 |
24 | 241891 | 1.230 |
12 | 134620 | 1.225 |
17 | 217786 | 1.220 |
9 | 70819 | 1.215 |
Price($) | Vol. | No. |
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1.240 | 113807 | 22 |
1.245 | 150403 | 15 |
1.250 | 184191 | 18 |
1.255 | 145997 | 13 |
1.260 | 146715 | 5 |
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