I think this run could be because the general market went up today and some investors were able to cash out of other stocks and invest into SYA as a reaction to the doubling in resources and the indexation into the ASX 300, prior to the DFS, project financing and official indexation.
Doing it prior means a loss in the other stocks. Doing it as mentioned above gives a greater yield.
If I am right, that means tomorrow should run up by about another 10% - 15% and then gradually by about few percent each day until the market cap catches up to the doubling of resources.
This is what happened with CXO when they got the FID. It took a few days for market to react because the market was generally red, one green day then boom and then boom again, and then just a nice ride up.
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $267.6M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.6¢ | $286.5K | 10.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 7497011 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 5105482 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 7195085 | 0.026 |
32 | 8211284 | 0.025 |
27 | 6838572 | 0.024 |
21 | 4765707 | 0.023 |
36 | 4413692 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 3812968 | 7 |
0.028 | 3987299 | 29 |
0.029 | 9469476 | 19 |
0.030 | 15485234 | 30 |
0.031 | 2789626 | 6 |
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