Sell the news? I have no idea why the sell off after the announcement, it wasn't a significant or gap leaving run. The group here knows that the value of Phase 2, 3 and 4 will be a significant catalyst to the growth of the company. I tend to feel as though the market wants funding and offtakes before re-rating. Permits are a massive positive but need the working capital to build it, and then someone to on-sell to.
If offtake and funding is announced in the next quarter with Phase 2 DFS, then $2 - $2.50 price target is not unreasonable over 6 - 12 months.
Sell the news? I have no idea why the sell off after the...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $87.68M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.3¢ | $411.8K | 2.222M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 671710 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 194077 | 7 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
18.5¢ |
Change
-0.005 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 18.5¢ | 19.0¢ | 18.5¢ | 817240 | ||
| Last updated 15.39pm 17/06/2024 ? | |||||
| GLN (ASX) Chart |
