AGE 0.00% 5.9¢ alligator energy limited

AGE Daily Report, page-8

  1. 76 Posts.
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    https://hotcopper.com.au/data/attachments/4845/4845605-fcb2a852dc60783a088d5b82e2894bde.jpg
    To me this may be the beginning of continuation of bearish trend with breakdown of pennant. Kind of odd given the flat finish 2 days ago with largest volume in many months; if this pattern should play out, it might complete a 2 year head and shoulder pattern with target 4.0-4.5c.
    As we have seen in the past, sometimes the redemptions and macro can cause overselling -possibly this is crypto margin calls or front running of such. It's overall bearish right now, so that's reason enough for people to raise cash.

    Its still early days, once ANSTO assays come, we get the scoping study -> pilot plant 2023 ->DFS Q423, H124. If the thesis of bull market is intact and the spot price does what we expect it to, then Samphire would be at the same place some of the developers are at now at a higher spot price. Which would be a 4x from here by waiting. Targeting 20c.

    We are 60% down from April and 52w, and approximately 40% from recent highs. I expect we will resume long term bull trend once markets are supportive of the environment -especially as this move lower has been on decreasing volume over past 2 months.

    https://hotcopper.com.au/data/attachments/4845/4845636-dbae12647faf64da01f07b2dc28022a5.jpg

    I personally have picked up another 2.5M shares; if I can get 10M total shares under 5c average I'll be quite happy. There's a large opportunity cost in waiting that long, I am okay with it but others may not be?
 
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Last
5.9¢
Change
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Mkt cap ! $228.2M
Open High Low Value Volume
6.0¢ 6.0¢ 5.8¢ $531.7K 9.043M

Buyers (Bids)

No. Vol. Price($)
19 1614538 5.8¢
 

Sellers (Offers)

Price($) Vol. No.
6.0¢ 364908 4
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Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
5.9¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
6.0¢ 6.0¢ 5.8¢ 3880428
Last updated 15.54pm 16/05/2024 ?
AGE (ASX) Chart
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