The current share price malaise has nothing to do - at all - with the specifics of what the company is doing, even where it's at in its evolution.
The reality is (I'd suggest):
1. Even RH and co. I reckon are very pleasantly 'surprised' by the early and widespread technical success of the drilling program, notwithstanding no assays as yet;
2. There are always a few sellers forced into selling holdings in such times - liquidity crunches, margin calls etc but the reality is the selling has been very thin;
3. Buyers can afford to sit on the sidelines knowing you might buy it cheaper tomorrow (zero FOMO right now); and
4. If the assays come in, or further drilling confirms the IOCG mineralization/model, the stock will go into orbit irrespective of global indices, VIX and the like;
The broader market malaise simply presents a unique buying opportunity - for those new to the party or those eager to hold more!
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- Ann: Wide Interval of IOCG Alteration Confirms Pot. at Mt Lamb NE
Ann: Wide Interval of IOCG Alteration Confirms Pot. at Mt Lamb NE, page-201
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Last
0.5¢ |
Change
-0.001(9.09%) |
Mkt cap ! $5.133M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $4.869K | 973.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1473454 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 3149226 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1473454 | 0.005 |
10 | 4430194 | 0.004 |
13 | 19206780 | 0.003 |
4 | 4399980 | 0.002 |
3 | 6199950 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 3149226 | 8 |
0.007 | 1447760 | 5 |
0.008 | 950160 | 3 |
0.009 | 1033282 | 3 |
0.010 | 750000 | 1 |
Last trade - 11.33am 15/11/2024 (20 minute delay) ? |
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