Thanks for the technical viewpoint @PingD. It'll be interesting to see how the price action plays out.
Its worth remembering that it was a very tightly held stock before the acquisitions (70% of CYL was held by the top 20 shareholders) and I think those long term shareholders have always been in this to see CYL become a multi billion dollar company. So I wouldnt expect much selling interest from them. It could therefore accelerate the upward movement to those resistance levels. And the financials will start to dictate the value of the company rather than the hope of creating another $15bn Fosterville (which is still there btw).
Ann: Catalyst to self-fund Plutonic East restart, page-18
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Last
$2.05 |
Change
0.050(2.50%) |
Mkt cap ! $462.8M | |||
| Open | High | Low | Value | Volume |
| $2.06 | $2.07 | $2.02 | $25.87M | 12.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6898 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 42368 | 3 |
View Market Depth
| Last trade - 11.30am 16/08/2024 (20 minute delay) ? |
| CYL (ASX) Chart |