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.
Ann: Mukuyu-2 sidetrack Total Depth reached in Lower Angwa, page-504
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Last
6.8¢ |
Change
-0.002(2.86%) |
Mkt cap ! $96.41M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.0¢ | 6.7¢ | $209.3K | 3.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 763774 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 60000 | 2 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
6.8¢ |
Change
-0.002 ( 1.45 %) |
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| Open | High | Low | Volume | ||
| 6.8¢ | 6.9¢ | 6.7¢ | 1662523 | ||
| Last updated 15.58pm 24/05/2024 ? | |||||
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