Im happy on both fronts, low volume and options not tradeable means the environment is less attractive for daytraders. Don't get me wrong, liquidity is good, but at the same time when we do see a little volume the price moves quickly with such a small register. If KNP ends up being as large as the inferred resource and we can measure it with a high confidence at low depths, this will move and move quickly. I suspect we will have serious Chinese interest before this gets to a mineable stage.
We should have an update on the Kalpini infill drilling, closely followed by Black Range, then the real juicy Goongarie results. "Historical assays show that the cobalt mineralisation in the drill area is consistently 0.1–0.2% cobalt, so it is well suited to securing “run-of-mine” cobalt grades upon which to complete the planned metallurgical test-work." https://www.ardearesources.com.au/downloads/announcements/arl_2017032201.pdf
Im happy on both fronts, low volume and options not tradeable...
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45.0¢ |
Change
0.075(20.0%) |
Mkt cap ! $89.85M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 46.0¢ | 39.0¢ | $79.94K | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1200 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 2600 | 1 |
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| Last trade - 14.45pm 07/10/2024 (20 minute delay) ? |
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