agree there were a few traders over on the DT thread that jumped on this morning and would have bailed when it went south heading into the long weekend.
As per the below, we have been here before. No need to panic. Outside of the discovery this has never run on an announcement.
In fact, quite the opposite.. the huge headline grades seems to attract traders who then sell out when they cant work out why it doesnt run... smart money sits it out and starts buying when the traders have left the building.
This is the result of having 50-60m SOI..
As we see below, about 303k traded in this green bar followed by 289k for the rest of the day. Around 0.45% of the total SOI dropped the SP which is hardly representative of a major sell down and more likely just the traders and anyone trapped higher leading into Easter.
Ann: West Arunta Project - Luni Assay Results, page-139
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Last
$19.38 |
Change
0.490(2.59%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| $18.91 | $19.55 | $18.81 | $5.690M | 294.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30 | $19.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.48 | 81 | 1 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$19.38 |
Change
0.490 ( 3.14 %) |
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| Open | High | Low | Volume | ||
| $19.10 | $19.55 | $19.08 | 8434 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| WA1 (ASX) Chart |