Can't really answer the question, wouldn't answer it if I could, would be too busy making mad piles of cash.
Here's the two sides of the argument:
Factors pushing share price higher:
- 30m shares ready to buy at 2c+, steadily being replenished as sellers hit them
- Expectation of a maiden JORC at any moment (it was supposed to be released in October)
- Many would say the market cap is too small for what we have (I'm unsure of this, but it has been said a lot).
Factors pushing share price lower:
- LIT still probably hold 60m that they could dump at any moment
- Still some months away from announcements about feasibility studies, which means share price can drift lower in absence of news.
- Many have said the dilution hasn't kicked in yet. I disagree, and think said people don't understand what dilution is. But we might see people selling their new shares they receive. Given they were bought for 1c, there could be quite a bit of volume that is sold for a quick profit.
Figure out which side you think will win and it will tell you what to do. Good luck!
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $17.17M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $124.3K | 62.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
103 | 78608545 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 84140399 | 47 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
103 | 78608545 | 0.002 |
42 | 165830206 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 54140399 | 46 |
0.004 | 34813113 | 37 |
0.005 | 11246545 | 12 |
0.006 | 7266154 | 13 |
0.007 | 3759530 | 4 |
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