There has always been a lot of traders playing around with this stock, but I reckon that the weakness in the share price has more to do with fear of a low grade Lithium result.
I would not be surprised if the Lithium grade for the Mississippian is way above expectations of around 300ppm, or much more, but it could also be a low result of closer to 50ppm Li.
The unknowns here would be spooking a few investors, as the share price has done nothing on a strong market green day, and poorly on red days.
ASN General Discussion, page-222
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Last
7.4¢ |
Change
-0.001(1.33%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.6¢ | 7.4¢ | $152.1K | 2.044M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 222565 | 7.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 176934 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ASN (ASX) Chart |