It dropped 12% today on two small trades. I wouldn't worry too much about that. A couple of good results and this could swing hard the other way. The stock is so tightly held. The company has been drilling through December 2011 with a focus on the Warmblood trend and I'd be hoping some results will come through in the next few weeks.
If the second pass drilling is positive and confirms/ extends the indicated resource, the market cap should respond accordingly . Still some bridges to cross but a market cap of only $20M should translate to a share price of approx 10c+.
Patience, fellow grasshoppers :-)
Ann: Mananging Director Presentation , page-9
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $264.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $427.5K | 3.498M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 572141 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 609778 | 3 |
View Market Depth
| Last trade - 10.57am 22/08/2024 (20 minute delay) ? |
| STK (ASX) Chart |