It happens a lot where a trading halt has been hyped up however results are underwhelming and the hype gives away to fear and selling. The difference here is that the rhodium is likely a "sweetener" and expectations are relatively low, plus we've had a strong pullback so downside is somewhat limited IMO (anyway, I'll be buying more if price drops much lower). I believe however that there is good potential for rhodium to surprise to the upside (previously they've found high rhodium here), anything above 0.1g/t Rh adds materially to the results and if it were anything above 0.3g/t Rh then it would really turn heads IMO.
Ann: Trading Halt, page-15
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $25.69M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $10.17K | 76.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29130 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 95519 | 2 |
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| Last trade - 13.26pm 11/10/2024 (20 minute delay) ? |
| GAL (ASX) Chart |