@Darkside Your price of $3 implies a $5b+ market cap, IMHO, I think the current price is about right for what we know.
What you suggest may be possible in the future, however, catalysts will be needed to get there. Lets see what the revenue and costs are like come end of the quarter. It will re-rate then regardless of shorters.
If the mine is going well the price will follow, right now there is enough fear in the marked that confirmtion is required for things to move in a positive way.
GLTAH
Banter and general comments, page-28067
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $224.3M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.8¢ | 9.6¢ | $1.222M | 11.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 3180868 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1951653 | 28 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |