It will be fascinating to see how much credence the market assigns this latest resource upgrade.
The announcement was cleverly worded... but still points out that :
"The company can now focus on optimising metallurgical processes and offtake agreements."
M12 is also on the money... all that awaits is the ANSTO results.
They could still come back negative...?
However, I am interested to see how the market reacts given that thus far it has seemingly placed a very high value on the ANSTO results... hence the flacid shareprice over the last month or two.
Expect some frenzied buying on open i think... but it is possible that the full weight of the movement could be restrained untill those ANSTO results are out.
I am not dissing this company at all, and consider it's upside potential to be without peer in the ASX at present... but there is still one big showstopper that has yet to be cleared...
Looking forward to tomorrow.
It will be fascinating to see how much credence the market...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $431.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $751.9K | 4.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 519867 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 3104135 | 19 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ARU (ASX) Chart |