Likes for me this week:
-Reduced chatter on HC - at one point we went a whole day with hardly a comment. No noise is good noise right?
-Stock treating previous resistance at 14c as new support base
-Stock respecting uptrend line
For me at this point in time I consider the market to be taking finance approval as a given & 100% formality, and the current share price is factoring this in.
All of the positives of fixed price build contract, throughput guarantee and annual production tonnage increase are being 100% offset by the unknown negative of not knowing exactly where the shortfall in capital is going to come from and at what price it will be offered at. (and you can bet Iggy & crew are working their backsides off getting support & indications on this right now)
All IMO - finance approval will be positive but the upside may be limited to say around or slightly higher than the previous highs, at least until the equity shortfall sources & issue price are known.
On the flip side should finance not be approved, the market nor any of us on here are expecting this and the downside could be substantial. All we will be left holding is a mining site, a drawing board and maybe a nikko pen or crayon! As Iggy said there's no plan B.
GLTAH - AIMHO - DYOR - ETC - ETC
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Last
4.3¢ |
Change
-0.001(2.27%) |
Mkt cap ! $83.24M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.3¢ | $105.1K | 2.368M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 322845 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 420734 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 259890 | 0.043 |
8 | 727954 | 0.042 |
5 | 278457 | 0.041 |
16 | 1729950 | 0.040 |
5 | 541076 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 420734 | 2 |
0.045 | 353893 | 5 |
0.046 | 864895 | 4 |
0.047 | 274071 | 2 |
0.048 | 475000 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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