In the aftermath of all the Patterson selling in Oct/Nov last year, the stock was showing some support at the 140/145c level. After the placement was announced the stock drifted to a miserable low of 84c , which was 4.2 under the old scale.
One would hope that - at a minimum - holders could see this back to at least $1.00 during the drilling phase. Any confirmation of the 60m strike would surely see this testing $2.00 (10c on the old scale).
Forget the Day-trader-induced hype of $3 (15c) from last year - that would be folly, but long term, quite possible.
At this stage I think all stake holders will be happy to see the price double during any successful drill campaign, otherwise....
In the aftermath of all the Patterson selling in Oct/Nov last...
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Last
$1.83 |
Change
0.025(1.39%) |
Mkt cap ! $2.148B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.84 | $1.79 | $9.869M | 5.426M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 550667 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 111009 | 4 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |