The sell side was stacked preopen with no news... if that didn't make anyone suspicious then I don't know what will. Seemed like a pretty obvious tree shake to scare traders out to me. I'm hearing very bullish talk from industry insiders (I did not say company insiders to be clear, I mean my contacts in the industry). It might be a few weeks before they start drilling however I think the dips will be bought. Short term traders will exit and it will be a great opportunity to get in for those who are waiting for drilling to get underway. Normally with these deposits you won't have much of an indication of how good results until assays come back (6-10 weeks) however with this discovery we have (a) consistent mineralisation between holes (i.e. it's not "patchy" or highly variable between holes), (b) consistent ratio between metals (check previous assays and the metal ratios, they are very consistent), (c) sulphides correlate extremely well with grade, including the PGEs (an R2 of greater than 80%) - therefore it's almost certain that once those chips are coming out of the ground from the first few holes there will be a TH and visual, detailed sulphide logged % will be be presented IMO. From this we will be able to judge how much better it's getting... any hint of matrix or even semi-massive sulphides will be very well rewarded by the market and send it much higher IMO. Here's hoping we have indeed just tagged the edge of a significant deposit
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $24.70M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.5¢ | $3.778K | 29.37K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 164905 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 4000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 164905 | 0.125 |
8 | 317446 | 0.120 |
3 | 22144 | 0.110 |
4 | 167309 | 0.105 |
3 | 27969 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 4000 | 1 |
0.140 | 166586 | 4 |
0.145 | 94177 | 3 |
0.150 | 100825 | 2 |
0.155 | 378673 | 2 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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