The monthly volume continues to crater as the downwards trend (triangle) reaches its apex. A surge in volume is likely soon in my opinion on a 'volume break'. Clearly we have fundamental news coming soon whether that is drilling Billy Hills or some of the more speculative suggestions of a take over/buy out ? Whatever it ends up being a surge in volume interest seems likely and a decent move one way or other. When one considers cash on hand a little under AUD$1 million and a market cap in the mid AUD$2 millions and a heap of projects and a key one Billy Hills primed for some decent drilling (and results ?) I hasten to suggest an upwards breakout on the balance of odds is more likely. I have been wrong before but also got some very correct and on point.
Either way I don't think it'll be much longer until Mithril makes up its mind.
JFI
The monthly volume continues to crater as the downwards trend...
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Last
40.0¢ |
Change
-0.010(2.44%) |
Mkt cap ! $57.66M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.0¢ | 40.0¢ | $551.8K | 1.360M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 109949 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 14000 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MTH (ASX) Chart |