PJ, I've got no educated knowledge of this stuff but I should say that, logically, if the deposit had enough volume at depth, particularly if it widened out, then the economics of a bigger hole could stack up.
Not unexpected, but still a disappointment to see the usual sell-down after a positive announcement spike. It seems the pattern is so well set and known now that short term punters simply realise that their best bet is to sell on the spike and leave the option open to buy back in again lower. It'll obviously take something pretty special in the way of news to break this pattern.
Ann: 86m Spodumene Pegmatite Intersected at BP33 Prospect, page-34
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $235.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $1.055M | 9.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 106 | 6072291 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3912933 | 38 |
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| Last trade - 14.37pm 16/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |