This could possibly be a reason for the market pricing the new drill results as zero, i wouldn't call the pump on results 17mths ago as massive but if he did pick the best while telling the market the rest were awaited it takes a fair bit to regain market trust, but in saying that, the smarts dont care about the past, if present results on a greenfields REE discovery are as amazing as the CEO says they are, and confident the testing will come back as first-class the smarts would be loading up without a care in the world except wanting as much stock as they can get at $17m mcap.
I he he did play the market for fools this selling and overall disinterest in his results make sense, combine that with the need to raise cash and you have a market that will stay well away until everything becomes much clearer before they put faith back into the company.
It would be disappointing to see a CR under 3c for such an exciting turn of events for the company but if the market has been shafted previously the brokers will act accordingly.. maybe the CEO has a game plan to get these testing results back before he speaks with the brokers, if that is the case we could see another fomo event take place as it saw on 3/5/2021, as someone pointed out earlier on, the DOB is first-class so I imagine there is plenty going on, also, not being able to just 4c is a moment the market is looking at, even though it was lowish volume on these results, the big boys didn't step up and hoover like one would have expected.. I am leaning towards the market wanting these test results back before they put any real faith back into any announcements, finishing red yesterday was all too easy
maybe Monday will see interest come in from elsewhere other than Aus once a few articles are circulated
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taruga minerals limited
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $5.710M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $15.88K | 1.985M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 377240 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2614600 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 377240 | 0.008 |
6 | 1020000 | 0.007 |
3 | 473480 | 0.006 |
2 | 500010 | 0.005 |
2 | 750000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2614600 | 4 |
0.010 | 2479745 | 7 |
0.011 | 514869 | 1 |
0.013 | 1100000 | 2 |
0.015 | 17000 | 1 |
Last trade - 15.37pm 20/06/2025 (20 minute delay) ? |
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