That's silly imo. Share price could well drop down further or reverse but is hardly indicative of drilling progress. Look at AQI yesterday, similar situation drilling some very prospective targets and made that clear to market well before yesterday but share price was selling off until a very encouraging update.
Unless you are/were a holder with inside information, which is highly unlikely but I guess still possible, then selling is done for a multitude of different reasons (usually impatience or needing funds for something more important) and not because they're having no luck with drilling.
It appears you're not a holder so your 'still sub 20c coming' comment indicates you want to be a holder sub 20c? I think the risk/reward equation from there is highly worthwhile so I don't blame you. I started averaging in recently with the expectation of positive news in January so I'd happily take more sub 20c.
That's silly imo. Share price could well drop down further or...
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $36.56M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $7.534K | 41.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41799 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 150145 | 4 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| GAL (ASX) Chart |