The point is the following;
Before the company brought a sample to surface many would be concerned with whether this is possible (porosity/perm issues etc.) information withheld /not released to market as well as other factors that would be a concern. Therefore to buy in post discovery at a slightly higher price averaging up would make sense.
All significant/larger funds are essentially averaging up (from where they would have been tempted to enter (requiring confirmed data to de-risk and pass investment committee) following information flow that de-risks the prospect. That is the point.
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7.2¢ |
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Mkt cap ! $102.0M |
Open | High | Low | Value | Volume |
7.5¢ | 7.5¢ | 7.0¢ | $173.6K | 2.425M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9513 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.4¢ | 90000 | 1 |
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No. | Vol. | Price($) |
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2 | 9513 | 0.072 |
2 | 285910 | 0.071 |
3 | 300858 | 0.070 |
6 | 245361 | 0.069 |
1 | 90000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 90000 | 1 |
0.075 | 193250 | 3 |
0.076 | 169627 | 3 |
0.077 | 278285 | 2 |
0.078 | 10000 | 1 |
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