I agree that the drop was most likely stop losses triggered by one big profit taker. Someone must have thought there was a better opportunity elsewhere, or they needed to cover some losses.
In my opinion this is just part of some natural consolidation occurring after some hefty gains, and in between news.
The API JORC and exploration results (success) should confirm Yalleen to have the potential for many mundreds of millions of tons, and be the next trigger for a significant rerating.
This was an opportunity to top up.
I agree that the drop was most likely stop losses triggered by...
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $8.160M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $2.959K | 1.229M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 83 | 164232502 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 54612699 | 25 |
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| Last trade - 12.42pm 04/07/2024 (20 minute delay) ? |
| HLX (ASX) Chart |