"early exploration results of "this magnitude" take some time to sink into Mr Market's grey matter" It seems to have been what has happened the last couple of times - 1st day plenty of volume but treading water then we get some traction later in the week as things sink in.
I agree with the majority of you post about how this exploration phase is treated but just can't see how it could be argued in anyway this result had been built in to the SP.
I would also add this "excitement phase" has been going on for quite some time now - if you look back to the Goanna/Monitor find 5 or 6 years ago now this stock has consistently announced quality drill results and seriously increased its known resources with very few misses and yet we are still 3.5c below its original listing price (so it could be argued Mr Market hasn't factored in any of the drill results in the history of the stock) - so I don't mind you being derogatory to Mr Market at all - seems he is much more interested in day trading and charts than long term prospects and fundamentals.
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Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $29.41M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.0¢ | $20.40K | 389.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19800 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 82620 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19800 | 0.050 |
1 | 60000 | 0.048 |
1 | 30000 | 0.045 |
1 | 23800 | 0.042 |
2 | 234390 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 82620 | 2 |
0.055 | 147851 | 1 |
0.056 | 100000 | 1 |
0.057 | 34800 | 1 |
0.058 | 250000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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