hmm....its hard to believe that with the Chinese buying at ~30c, they see any real downside. In essence i believe the market is pricing in 100mt of ore, which is stated on the ACS website - which equates to a MCap of $30-35mil. DYOR
So with regards to the fishy end of day cross trades, its doesnt matter to me. They have been buying on the market at ~30c so im happy with that. ACS will be takenover i believe but its the size of resource that really interests me. 100mt of ore is good for the chinese /MGX but i believe they think there is alot more potential. The JORC will be the first step in defining the resource size with further upgrades in the future.
I hold the options.
Good luck all
hmm....its hard to believe that with the Chinese buying at ~30c,...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.312M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 547523 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 2560 | 2 |
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| Last trade - 16.11pm 21/06/2024 (20 minute delay) ? |
| ACS (ASX) Chart |
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