Just remember what 2c means in terms of market cap
2c = 20m market cap with nothing more than a permit... that puts GGE nearly on par with GDN (23m) and GGP(28m). And quite frankly GGE does not yet have the firepower to hold that market cap... IMO
Keep it in perspective is all I'm saying. If it does push up to 2c on hype.. well you said it all.. its all hype. Not something I'd put my savings on.
IMO the smart money got in sub 1c i.e. push from 0.006-0.007c to the price it is today is over 100% return in 2 months. Thats the hype factored in already and those are the people who are selling into the hype.
And why it won't hold near or above 2c is simple. If GGE do not hit significant gas/oil, they will be back down to 0.006-0.007. Thats potentially 50% of your investment gone on one announcement.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.801M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1 | 246 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 13857144 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 1170039 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 13857144 | 0.003 |
11 | 8450009 | 0.002 |
9 | 10700009 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 1170039 | 3 |
0.005 | 4400061 | 14 |
0.006 | 560166 | 2 |
0.007 | 161000 | 1 |
0.008 | 666760 | 2 |
Last trade - 10.04am 07/10/2024 (20 minute delay) ? |
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GGE (ASX) Chart |