Pure speculation.
Maybe an investor/fund with <5% holding has been sitting on the sidelines waiting for a low risk, high gain, large parcel of shares after first concentrate is produced and sold?
After mines go into production is generally when institutions build up their holdings.
This investor/fund maybe saw the presentation last week and then knocked on Lachlan's door saying " we have $xxxm to invest in HGO, you can have the money next week and fast track the expansion of your resources if you do a placement to us" While the BOD was procrastinating the afore mentioned investor/fund used their already sizable holding to heavily sell shares to lower their placement price and here we are.... Waiting until Monday for some actual facts.....
gltah
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Last
4.9¢ |
Change
-0.002(3.92%) |
Mkt cap ! $102.6M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 4.9¢ | $129.7K | 2.598M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 374033 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 29768 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 374033 | 0.049 |
5 | 426895 | 0.048 |
3 | 373750 | 0.047 |
3 | 381738 | 0.046 |
3 | 384532 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 29768 | 1 |
0.051 | 66535 | 1 |
0.052 | 50000 | 1 |
0.053 | 800217 | 4 |
0.054 | 962730 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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