Because the complete siesmic data interpretation to follow in September.
Also time has passed we've derisked, higher potential, closer to drilling of IW2, acreage paid, talk of CONSIDERABLE conventional resource, talk of some sort of farming / JV, $20+ mil cash in the bank.
Imo if you've missed out buying sub 4, then get in and buy yourself some at 4.2, before it's too late, unless you want to wait Until tomorrow and buy at 4.5. Last Friday buying at 3.9 was possible.
Also sp going down after news or a period of waiting, is not unusual, people here to make money, and if they could buy low, sell high and buy lower then it's only logical to do so.
However it's not always good idea to sell, as all it takes is a few successive positive announcements and such trading strategy is defunct.
DYOR.
ASX Today, page-151
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $36.62K | 15.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 621 | 874601304 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 509937628 | 127 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |