Over reaction here. We were priced ridiculously low on the first round of drilling and now sit at round $10 mill MC. Hole 7 remember hit 146m at 2.5 cu equivalent. Holes 9 and 10 are still showing up with semi massive sulphides and hole 11 currently in progress is drilling right through the sweet spot of hole 7 to get a 3D perspective of the semi massive and massive sulphides encountered previously. We'll get visuals on this hole very soon.
Sure a CR is going to be needed shortly , but as has been mentioned a few times this company currently compares extremely favorably against Astons nickel deposit (ASO, market cap $95 mill), hence Tolga Kumova (Director ASO), who is well connected with Eddie King from previous boards, showing up as number 2 on the registry recently.
The mornings selloff on what is very light volume looks like it might be done. Broker data will be interesting to see if the instos who were buying up in the last week will continue to buy.
Ann: Trading Halt, page-43
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $7.584M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.8¢ | 1.6¢ | $10.04K | 617.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1011000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 100000 | 2 |
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| Last trade - 13.38pm 24/05/2024 (20 minute delay) ? |
| RAG (ASX) Chart |