Datt likely created short-term momentum in the share price to build a buffer for profit-taking—a smart move in a fast-moving junior gold market. A 2x return in a short window is attractive, especially when compared to waiting 12 months for a potential 4x. Their exit reflects the reality that positive information when drilling a structurally changes quickly as you move away from major controls, but that doesn’t diminish the long-term potential here. From a geological standpoint, the real excitement lies in the scale. A bold step—like drilling 400m across the structure below current levels—could unlock a much larger system, possibly 3Moz or more. That’s the kind of move a major would make to test the full potential. While the company isn’t a major, it’s playing a smart game: managing geological information risk while steadily growing the resource. By advancing incrementally, they maintain investor confidence and ensure access to capital for continued drilling. It’s a strategic approach—balancing exploration ambition with market realities. The fundamentals remain strong, and with each step, the story gets more compelling. The upside is still very much alive.
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Datt likely created short-term momentum in the share price to...
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $38.93M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.7¢ | $307.2K | 8.067M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16000 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 635000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 74324 | 0.037 |
9 | 1064193 | 0.036 |
5 | 166540 | 0.035 |
4 | 315000 | 0.034 |
3 | 270000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 140000 | 2 |
0.040 | 1576272 | 10 |
0.041 | 784525 | 7 |
0.042 | 697855 | 4 |
0.043 | 763000 | 2 |
Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
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