Big gapup on screen at close, 1c margin, look at the 1M on bid at 14.5c and the low volume offerees at 15.5 and 16.0c.
Buyers (Bids)
Column 1
Column 2
Column 3
1
NO.
VOLUME
PRICE($)
2
15
985300
14.5¢
Sellers (Offers)
Column 1
Column 2
Column 3
1
PRICE($)
VOLUME
NO.
2
15.5¢
314339
5
(close)
Cant see RIM or Eduardo anywhere in sight at all. Cant see the capper anywhere in sight.
Where are those volume sellers gone? Must have no ammo left to fire.
Another round of volume buying may see this rerate higher to that 19c-25c gapup I have been calling for months now.
Another low daily volume day 600k and again the INSTO accumulater is TRYing to get lower prices but looks like there are 14 lots of bidders competing with him. Closing volume weighted bid/offer match is at 16.0c well above the actual close.
The production figure is an indicater that stockpiles were used at lower costs during wet season yet production was still way higher than last year Q3 so that means costs & stockpiles should be way lower and margins FCF also strong. The CEO mentioned they will have more freedom by end of the year so this implies to me that they are planning something big as debt should be $0 and cash at bank should be at U$11M-$20M. This bullet they estimated should be building strongly now.
A cheap acquisition nearby or extension of the tenements with high grade should also be on the cards.
If they announce they are net secured debt free, reserves are increased from the 1M resources, AISC dropped lower than U$720, cash/bullion spiked from U$9.6M to $15M or trade creditors have been reduced dramatically, in fact any such news then,
