I have been buying into this falling market for a while. Good chance to average down before June when the options expire.
I have considered what is required for the share price to jump and that would be a couple of things:
1) Exploration attempts find high grades of gold - although this is more for sentiment change rather than actual value. Actual value of shares does not match the value of gold in the ground currently so why would finding more gold make the value concurrent in the future?
2) Management purchasing shares on the market - again a sentiment change. Currently mum and dad investors (like me) feel as if not a lot is happening and many are selling at a loss from IPO. But such small volumes are not representative of the wider market. Management buying would at least keep shareholders interested.
3) Institutional investment to help provide capital and exposure to the market
4) Advertising / Hype marketing. Currently not many people are aware of godolphin which can be seen by other junior explorers with less explored resources having a higher market cap than our GRL.
if any of the above change in a positive way then we can expect the share price to be back to its 20c+ times. If anyone actually valued the shares based on the resource amount we would all be millionares
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $5.059M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $14 | 895 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1657329 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 243000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1657329 | 0.016 |
4 | 848332 | 0.015 |
1 | 100000 | 0.014 |
4 | 537307 | 0.013 |
2 | 466000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 243000 | 1 |
0.018 | 213248 | 2 |
0.019 | 267647 | 2 |
0.020 | 533333 | 4 |
0.021 | 746175 | 4 |
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