Initial thoughts:
- Absolute quantums are bigger than I had anticipated
- Company is providing a lot of signals in the announcement that the deposit has big potential because of the low cost of mining (a lot of the mineral is towards the surface, and there is good rail and road infrastructure nearby)
- Deposit is still open in every direction (Potential for it to get even larger)
- Cash on hand is adequate to continue with the process.
The trading depth is already building significantly just within the last 10 minutes.
I'm very curious to see if the individual who removed the 20m buy order at 2 cents (which was removed at approx 9am this morning), will be putting that order back in at some point today and trying to actually buy. If they do, then hold on to your seats!
Initial thoughts:- Absolute quantums are bigger than I had...
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 16.5¢ | $1.608M | 9.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 2237794 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 250000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |