If you're hoping good drill results will make the price go up this week I hope you're not disappointed if it doesn't happen. We've had plenty of good news and gold price has gone up big time in the past 6 months, but nothing happened. Why? Manipulation?
I reckon there is still a glut of shares from the CR. I got curious why so many are selling under the CR price so I looked back at the chart and there was a huge volume (l40M shares) traded in 2 days from 6.7c to 11c (17/18th November last year). Either the CR people are taking a loss, or it could be those people getting frustrated after waiting 9 months and the share price is languishing and drifting back down to or below their purchase price.
I think there will be strong resistance at 10.5c and then at 13.5c. Just my opionions.
theres gotta be some this week, page-4
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Last
69.0¢ |
Change
0.005(0.73%) |
Mkt cap ! $63.11M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 69.0¢ | 68.0¢ | $5.463K | 7.919K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 124 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 10000 | 1 |
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| Last trade - 14.45pm 11/10/2024 (20 minute delay) ? |
| MYG (ASX) Chart |