I stated it speculation based on what I observe.
I know what the rules are but any experienced traded will tell you reality is very different. I am sure you noticed large swings once visuals are available and then followed by TH and/or speeding tickets.
In real life information leaks almost all the time. And is very common with resource companies due to the nature of the business.
The way I interpreted the selling was either they completed the hole and there was probably weak mineralisation or the hole is close to be completed but they are yet to hit some intensive mineralisation. Therefore we did not see total selling but pullback in the SP. But we neither observed serious buying to push the SP to 2c and beyond.
I did not dismiss the idea they are yet to hit basement rocks but I considered is as least possible due to ho long ago they started drilling. Chances are they should have been done or almost done.
Again it is all speculation.
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1.3¢ |
Change
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Mkt cap ! $61.99M |
Open | High | Low | Value | Volume |
1.3¢ | 1.4¢ | 1.3¢ | $86.86K | 6.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 5822669 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 7003868 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 5822669 | 0.013 |
13 | 4139850 | 0.012 |
20 | 6538526 | 0.011 |
28 | 9462988 | 0.010 |
16 | 8016316 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 7003868 | 16 |
0.015 | 6212599 | 11 |
0.016 | 4822964 | 8 |
0.017 | 2500000 | 1 |
0.018 | 946190 | 9 |
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