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
28.0¢ |
Change
-0.005(1.75%) |
Mkt cap ! $115.6M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.0¢ | $276.0K | 973.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 364307 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 187335 | 7 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
28.5¢ |
Change
-0.005 ( 0.21 %) |
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| Open | High | Low | Volume | ||
| 28.5¢ | 28.5¢ | 28.0¢ | 261148 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| GLN (ASX) Chart |