GBE 1.82% 5.4¢ globe metals & mining limited

sitting on support, page-9

  1. 1,258 Posts.
    if you trace the order book it is fairly obvious. In the last hour of trading every 5-10 minutes a block of 20,000 shares was placed .5 cents below the last ASK position until it hits a BID position at .35$. The buy side has totally collapsed probably in anticipation of lower shareprices and the continuation of selling. About 17 mln shares have been sold below .50$ since December 2007 although great drilling results in Kanyika and Livingstonia, a better than expected JORC statement and a scoping study have been released on schedule. So we end up at 23.6 mln market cap with 7mln cash and a great project while commerce is valued at 80 mln$ with lower grades and lower tonnage .... it's all about investor relations and marketing the company.

    Lenni
 
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Last
5.4¢
Change
-0.001(1.82%)
Mkt cap ! $37.33M
Open High Low Value Volume
5.5¢ 5.5¢ 5.4¢ $2.991K 54.46K

Buyers (Bids)

No. Vol. Price($)
1 150000 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 95000 1
View Market Depth
Last trade - 10.05am 16/07/2024 (20 minute delay) ?
GBE (ASX) Chart
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