When you have flushed out all those who would exit the building with 867koz in the kitchen, at $A22/oz, the SP movement higher will occur when new buyers recognize, that even as an exploration play, it wont take much to push this over 1m oz. While they are doing mining review on red october, a rising gold price 2022 will turn the bulls into a storm, with anything substantial in ground. That bet, attracts those in my camp.
Oversold, when there are no sellers left - opportunists recognize a bet, coming for 2022, leaves buying pressure to cycle this upward.
Even the ugly duckling can get into the air, when the mud is flicked off.
When you have flushed out all those who would exit the building...
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.52M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 3.1¢ | $12.54K | 404.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1300000 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 574291 | 2 |
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| Last trade - 10.08am 18/09/2024 (20 minute delay) ? |
| MAT (ASX) Chart |