Unfortunately, the entire junior resource sector is down, especially precious metals.
A positive price-sensitive announcement in this market no longer creates rockets 20% plus. All they do now is either prop you up 1 or 2% or stop the SP going down. Therefore IMO there is no point trading short term right now. Either hold long term or don't enter at all.
If the announcement comes in 2 weeks time it doesn't bother me, there may be a bit more positivity in the market by then.
As long as the company is progressing and getting the exploration and understanding of our tenures done in the background - that's all I can ask for in this market. I know with time, in a better market we will get some serious re-rate to more deserved levels.
Unfortunately, the entire junior resource sector is down,...
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $19.71M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $10.24K | 82.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 44833 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 71206 | 1 |
View Market Depth
| Last trade - 15.32pm 12/07/2024 (20 minute delay) ? |
| EMC (ASX) Chart |