The SP rise is on low volume - volume is needed to confirm price and squeeze SP higher. No evidence yet of an institutional stock rerate.
As G1A only owns 60% of Abra, there's no takeover premium in the SP, so expectations of 50c let alone 100c are unrealistic IMHO.
If exploration uncovers some Abra clones, then a TO premium would be created.
Petra's analyst has a 44c SP target .... which assumes perfect commissioning in a lead friendly market.
The SP rise is on low volume - volume is needed to confirm price...
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Last
5.9¢ |
Change
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Mkt cap ! $44.40M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| G1A (ASX) Chart |
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