Some traders probably making some easy 5%, 10%, 15% gains here. Unfortunately people keep selling into them.
This 10c to 11.5c range is important for the short-term traders as they can rinse-repeat.
Shorting, negativity are a factor for some of the selling.
Patience. Management are doing what they can to turn on the tap for results.
The onsite prep lab is a proactive and innovative approach that will also save money.
Infill drilling is precisely that. Fills in gaps not covered by other drilling.
That should support improvement of confidence of the existing defined resource but also address gaps in the key 1.8km main zone of the resource. Fill in some of these with additional drill data and they should be able to increase ounces in the resource. You can see on the diagram a number of areas covered by the red infill drill holes.
Then we also have extensional drilling - the significance of this is that will give them insights on where to focus further drilling for the PFS (as well as adding ounces in the short term).
Firm support at 10.5c for 1 month.
Resistance at 11.5c.
Volumes dropping off.
Could be getting close to a breakout from this 10.5c to 11.5c range.
Disclaimer - I am terrible at TA
2021 NVA chart, page-725
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $38.96M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $40.76K | 260.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 50778 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 20036 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 50778 | 0.155 |
4 | 141834 | 0.150 |
4 | 175742 | 0.145 |
3 | 420000 | 0.140 |
2 | 27000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 20036 | 1 |
0.175 | 10000 | 1 |
0.180 | 37701 | 4 |
0.185 | 5555 | 2 |
0.195 | 104995 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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