Of course traders expected better grades. ( i did too) . Traders are also potentially looking 5+ trading days before the next assays and are choosing to sell. If I was trading MCT, I'd do the same.
For me however, MCT is an investment. I didn't buy just for these assays, nor will I sell on these assays. They have much more than these assays or even the next. Simple as that.
IMO, Leipold is to MCT, what Withnell was to DEG, good but not the main target. (I do not for a second compare DEG to MCT. Yes DEG grades are mid range but the sheer amount of gold they proven now and potentially, is entirely incomparable. Lower grades need big reserves)
If you are long, I think you are good, or at very least, have A LOT more to forward to.
GLTA
Of course traders expected better grades. ( i did too) . Traders...
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0.2¢ |
Change
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Mkt cap ! $8.972M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $14.49K | 7.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 146419981 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 946106 | 1 |
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| Last trade - 15.01pm 28/06/2024 (20 minute delay) ? |
| MCT (ASX) Chart |