Dumped 25% of my holding today. Major inconsistency in the narrative when it comes to geological updates. As opposed to regular updates, they will now provide the geological update to the market at the conclusion of drilling. Also no update on Jimberlana/ Mission Sill results either???
Gut feeling is that next set of results won’t be as spectacular as what the market has priced in. Hence I think it’s overvalued right now, contrary to the popular opinion and shameless ramping by some posters.
Saying the above, great news is that they are continuing to be aggressive and are now cashed up. I’ll continue to believe in the story. Let’s see what next 6 months brings.
Ann: $20.4 Million Placement to Expand Drilling at New Discovery, page-18
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $26.67M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $25.94K | 189.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 127256 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 10043 | 1 |
View Market Depth
| Last trade - 15.47pm 08/11/2024 (20 minute delay) ? |
| GAL (ASX) Chart |