GGG has been good to me so whatever transpires no hard feelings. I agree that if the placement was done to an insto like Goldman Sachs or a RAB capital or Polo then it could be price supportive. I think you will find that the placement went to various Perth brokers and their clients, and in this environment, I'd be taking a 100% profit in a heartbeat. I think the gap gets completely filled and the share price overshoots to the downside.
I could be wrong but I doubt it.
Technically it looks great. A breakout on massive volume.
I'm not trusting the chart this time however. Its illusionary.
ps Why didnt they hold off on the placement till after the resource upgrade? Too fast to come to market cap in hand.
GGG has been good to me so whatever transpires no hard feelings....
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $30.89M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $37.78K | 1.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1510902 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 50951 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ETM (ASX) Chart |