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.
Have you got the GGC chart handy?Anyway, the selling we have...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $67.13M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 10.0¢ | $21.23K | 212.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23943 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 427380 | 5 |
View Market Depth
| Last trade - 14.11pm 29/04/2024 (20 minute delay) ? |
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Last
10.0¢ |
Change
-0.005 ( 4.76 %) |
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| Open | High | Low | Volume | ||
| 10.0¢ | 10.0¢ | 10.0¢ | 87308 | ||
| Last updated 14.34pm 29/04/2024 ? | |||||
| BRU (ASX) Chart |