ARU; she'd be forming a triple bottom. I'm far from a chartist, but I'd guestimate that the time to buy is 1. now around 19-19.5c but 2. more definitely/certain when eod close at >= 24c on volume. My gut tells me that will only occur with strong positive announcements (likely re final binding signed Offtakes to complete the 85% of planned production), and then the big push in SP will occur when complete Funding package announced and the shorts have to close out, and lo & behold the biggest short squeeze we retail have ever seen as the price will hit 35c+.
IMO the CR will be delayed/occur into next FY(24/25) and will likely occur at over 37c. The hope is that it is a Renounceable Entitlement Offer ( hopefully similar to TWE recent CR- a PATREOffer) whereby those who are unable to participate in a CR have their entitlement either traded on-market (ASX:TWER) or are provided a small $ amount for that right by Instos/BEOT that want to get in OR have a bigger share of the pie eg maybe HP may want to get to19.9% holding at that time.All IMVHO, DYOR (cause I have), GLTA(patient)LTH "Build it they will come for more" LTH over 1.0mil but less than 5.0 mil shares.
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $404.3M |
Open | High | Low | Value | Volume |
17.5¢ | 18.0¢ | 17.3¢ | $624.4K | 3.553M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 209908 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 809563 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 159908 | 0.175 |
40 | 1097073 | 0.170 |
24 | 823681 | 0.165 |
52 | 1654258 | 0.160 |
21 | 941016 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 679070 | 15 |
0.185 | 691460 | 18 |
0.190 | 826957 | 21 |
0.195 | 895645 | 19 |
0.200 | 1177218 | 32 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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