If the small sellers represent retail fear, larger buyers accumulating / simply waiting for the drills to confirm mineralised.
You need a rational, to support a movement of herd. Either way.
Money makers, who could push this back to ATHs, can only do so, when there is a basis for it. The Oasis is open, the desert thirst can drink. Which they can then offload some of their position to.
It works two ways, Irrationally - Look the building is burning. When there is no evidence it is.
Rationally, De-risk event, assays returned with mineralisation.
But from a betting perspective, When Rock chips show the pegs are mineralised, and that is how Jamar was selected, probability that then it continues at depth.
Money makers wont prop the price at higher levels, to unload to, until the validation can be written in the music.
It is up to us speculators, to make our bets on probability basis, outside of the noise of the sp moving, with and without the money makers, or that the drift, is their other hand which accumulates.
Someone owns the shares. Someone gets a pay day, when we fast forward a few years at developer levels.
The 4 billion dollar price tag, is for a market watching both Cancet and Adina moving through development to forward mega cash cows.
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Last
50.5¢ |
Change
-0.020(3.81%) |
Mkt cap ! $111.8M |
Open | High | Low | Value | Volume |
51.5¢ | 52.0¢ | 49.0¢ | $511.5K | 1.015M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15000 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 16174 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15000 | 0.500 |
1 | 7908 | 0.495 |
8 | 34883 | 0.490 |
7 | 67322 | 0.485 |
7 | 51579 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 16174 | 1 |
0.520 | 59288 | 4 |
0.525 | 45775 | 3 |
0.540 | 5000 | 1 |
0.555 | 10000 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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