Have you got the GGC chart handy?
Anyway, the selling we have seen since hitting $3.30 seems odd to me. Fundamentally, surely Ungani North will not flow as much as Ungani, but then again, there is oil in the dolomites and there is oil/gas at Nullara as well, and there are so mmany more targets to drill. Maybe the market didn't like the 38% water? (before it was always referenced to as "insignificant amount of water")
Maybe the largest risk is the potential environmental backlash at the moment. Not, sure, but the trading has been a bit perplexing letely.
It also seemed that a big holder is selling out, as there were quite a few large dumps in the trading today.
chart needs to bounce here !, page-9
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Last
9.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.79M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 9.9¢ | 9.5¢ | $56.37K | 587.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 319 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 150000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
9.9¢ |
Change
0.000 ( 2.06 %) |
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| Open | High | Low | Volume | ||
| 9.6¢ | 9.9¢ | 9.5¢ | 269357 | ||
| Last updated 15.13pm 15/05/2024 ? | |||||
| BRU (ASX) Chart |