What is everyone's take on today. There seemed to be a mass dump at 0.006 and 0.005 then the support came back at 0.005 , I think this is the support level now.
Bruce said he was happy with the results, well the market wasn't he won't be happy with the share price. The main risks for me are cash balance / results not outstanding.
The problem I see is if the share price hangs around these levels , lets say it gets back to 0.007/8 on good results they will eventually need to raise money and I would think 0.005 would be about the level they would have to raise at.
0.005 - Good Entry Point IMO - High Risk still.
Volume - 38,859,605
ASX- 22,482,962
CHX -16,376,643
VWAP - 0.5569
Be good to hear other peoples views. Have a great weekend all, don't worry the price should come back will take a little time but upside is still there.
GLA
James
Friday Summary
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.470M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $7.268K | 908.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 635221 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1555467 | 4 |
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| Last trade - 15.48pm 09/10/2024 (20 minute delay) ? |
| BMG (ASX) Chart |