Knowing how SHP has rerated previously, I wouldn't be overly surprised!
What we are seeing now is a strong frictionless rerate to ~9c as the dominant sole seller from 10c -> 7c was Nomura, so my thoughts are those selling now are those who picked up shares at low 7s and flipping for profits.
The majority though I imagine, as sharing same sentiment as me, are holding for a longer term perspective to reach those Cenkos targets.
What does this mean? I think we will churn through those few flippers from 7s very, very quickly and the SP will stick at a higher price as where will the selling supply come from otherwise?
Add permits and drills starting and low-mid teens are likely imo.
Exciting times! As always, not financial advice and GLTAH.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.010M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $142 | 15.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 971769 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 293317 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 959683 | 0.008 |
10 | 3001552 | 0.007 |
2 | 1050000 | 0.006 |
2 | 500000 | 0.005 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 293317 | 2 |
0.011 | 265666 | 2 |
0.020 | 8000 | 1 |
0.027 | 413326 | 1 |
0.000 | 0 | 0 |
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