Wow. A company drills their first hole at a prospect, comes up...

  1. 510 Posts.
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    Wow. A company drills their first hole at a prospect, comes up with some of the best IOCG visual mineralisation from a junior on the ASX in a long time and it attracts down rampers when the price falls back 10% after having risen 200%! You clearly do not understand exploration and how many holes (let alone programs and years) it takes to make a discovery. Us geologists get excited when we hit anything anomalous above background let alone hit obvious, wide mineralisation on first hole. Also, a stock does not turn over $28M in one day if investors believe that "assays results might not be quite what we were expecting". These stocks suffer from illiquidity once the hype wears off for retail traders however professional investors are very much aware of what is going on. Whenever I see comments like this I always question the intention of the poster...
 
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(20min delay)
Last
8.3¢
Change
-0.004(4.60%)
Mkt cap ! $20.71M
Open High Low Value Volume
8.5¢ 8.7¢ 8.2¢ $7.627K 88.47K

Buyers (Bids)

No. Vol. Price($)
2 15052 8.1¢
 

Sellers (Offers)

Price($) Vol. No.
8.7¢ 11111 1
View Market Depth
Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
COD (ASX) Chart
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