Chart predictions are rarely exact and predicting 18 cps and it's 18.5 cps is fine.
I called the exact top at 20.5 cps against all the bullish sentiment on this thread.
The SP has now fallen from 20.5 to 17 cps or 17%.
17% is significant.
Smart investors who heeded my SELL call at 20.5 cps could buy in much cheaper now but I don't recommend it.
The trend is unstable now so best to see where it lands.
A 17% fall doesn't happen often in a vacuum.
S2' has set a direction on paper with a lot of hype but has not funded imo.
I would have thought that the famous and wealthy big holders would tip another $20m of their own money into the company which is probably the minimal spend to have a real crack. That they haven't raises questions about the strategy here.
IMO they are playing a long game while most retail investors cannot afford to do the same.
In contrast to some here who are sure that a few holes will find a huge new discovery they know this is very unlikely.
As has been suggested do they plan to basically sit on Block 4 with a minimal spend and wait for an offer down the track?
It's possible but speculation.
my opinion
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $52.07M |
Open | High | Low | Value | Volume |
11.5¢ | 12.5¢ | 11.5¢ | $22.82K | 194.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 56860 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 3483 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 56860 | 0.115 |
7 | 63578 | 0.105 |
2 | 40000 | 0.100 |
1 | 8163 | 0.098 |
1 | 100000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 3483 | 1 |
0.130 | 102352 | 3 |
0.135 | 109950 | 2 |
0.140 | 90857 | 3 |
0.145 | 62700 | 3 |
Last trade - 15.42pm 26/07/2024 (20 minute delay) ? |
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