I have supports at approx 19.5c, 17.5 and 13.5c to the gap back in July 2021. 20c seems a reasonable price for current stop loss selling to switch into support and a bounce maybe. Is there any material good news they can give the market until end of the year? Is there any bad news insiders don;t like? There just isn;t any news price support for a developer inbetween CR's and any upside market surprises is the age-old dilemma. Risk, uncertainty, market headwinds, shorts, brokers eyeing off the next CR... always the next CR, all while hot money and weak hands chase it up and down.
Doesn;t help with rare earths being in the toilet and nobody confident when/if it will recover. At least Kanga has a profitable pathway to development at prices most other RE deposits will bleed out quickly at.
Legal Dispute???, page-32
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $144.1M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $49.92K | 399.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 549773 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 224920 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| LIN (ASX) Chart |