When the announcement hit this morning I thought it looked alright. Getting the well up and running again, and including a third well in Nomgon could well increase the resource, which will increase the value of the company. Not surprisingly it didn't move the share price, and nor should it.
We saw the price stay steady, then someone dumped, and what followed was clearly retail panic selling. Can't say I enjoyed watching it, would have been nice if it didn't happen, but it is what it is. The share price is detached from the reality of the announcement.
I would never have picked that response so I'm not going to predict where the price goes from here.
Ann: Nomgon Pilot Update, page-155
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $130.4M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.5¢ | $134.1K | 1.126M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 411871 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 287415 | 4 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
11.8¢ |
Change
-0.005 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.5¢ | 11.5¢ | 988409 | ||
| Last updated 15.40pm 10/05/2024 ? | |||||
| EXR (ASX) Chart |