The big thing I noticed today was the absence of chatter on the Day Trading forum, Short Term Trading forum and even twitter which really surprises me . That is really encouraging as it is more likely those buying in today realise the magnitude of those results and are getting set for the Medium-Long Term. That potentially bodes well for the near term as outlined below.
For comparison Malle Bull Results from June 2015, and associated chart:
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Note this was 4 holes out of 20 for those results on a much better refined target prior to commencement of drilling.
Now todays announcement and chart:
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Note this is 2 out of 4 holes based on the back of the initial discovery hole and hasn't run as hard. Also note zinc price in 2015 was $1USD per pound where it is currently $1.45USD per pound, some 45% higher. If you throw in the zinc inventories for comparison over the same time period it certainly paints a rosy picture.
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Still plenty more detail required with continuity being key, however if it was a certainty it would priced as such. We are definitely off to a flyer and I am very happy to hang around and see how this pans out. Note you're a long term holder so the following comments from todays announcement hopefully alleviates some of your anxiety!
"The tenor of mineralisation discovered at Southern Nights ranks as the best zinc-lead-silver mineralisation encountered to date by Peel, and subject to assays, possibly the best intercept encountered since the Company’s inception. Accordingly, Wagga Tank/Southern Nights will receive priority attention over the coming weeks/months, with drilling continuing at the time of reporting".
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $81.35M |
Open | High | Low | Value | Volume |
13.0¢ | 14.0¢ | 13.0¢ | $37.57K | 269.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 147483 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.140 |
1 | 70000 | 0.135 |
2 | 184749 | 0.130 |
3 | 78007 | 0.125 |
1 | 37031 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 147483 | 2 |
0.150 | 140899 | 5 |
0.155 | 104087 | 3 |
0.160 | 53466 | 3 |
0.165 | 80000 | 1 |
Last trade - 15.33pm 12/07/2024 (20 minute delay) ? |
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