There is Two Scenarios
1. News is bad; no trading halt, price would fall maybe by 20- 30% down.
2. News is excellent; trading halt; possibly volume would increase few days before trading halt; price would be like WA1, 5x when it opens after trading halt.
What is Excellent News:
1. High Grade Lithium in a shallower depth with length of up to 200m if this is the case then price should reach market cap $200Million or maybe $1Billion similar to AZS in 1 year term.
What is Bad News:
1. Low Grade Lithium, price may fall up to 50% down from current price and hang in there, most likely not much in GSM, exit by many holders.
Ann: Exploration Update - RC Drilling Completed, page-113
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.073M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2514319 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 251876 | 2 |
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| Last trade - 10.04am 05/11/2024 (20 minute delay) ? |
| GSM (ASX) Chart |
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