Cheap as Chips!!!!, page-87

First 87 Last

Share
Profile

Follow
Dui

2,088 Posts.

299

20/01/22

17:58

Post #: 59019230
Share

Originally posted by Gwaihir ↑

If you simply look at the numbers on the buy side compared to the sell side, then you'd quite logically get the impression of this going to 5 cents tomorrow.

The buying frenzy is interesting, and cannot be explained by any of us retail holders, because it does seem to be on quite good volume, which usually only happens when something is going on in the background, but has as yet not been divulged. I'd expect tomorrow they will have to answer to an ASX Query please explain.

I'd expect from the USA trade overnight, that something maybe happening in the USA with Fish Lake, but that's only speculation and we'll have to wait and see if there is an announcement.

Or there may have been a breakthrough with Direct Lithium Extraction methods by the companies they are technically working with on these technologies.

My impression is that if it crossed above a $300m or $400m market cap, that they might call a halt and do a capital raising, especially since the last one was only done at 0.005c (half a cent), and they clearly stated there was not a enough cash raised from that to pay off the Fish Lake JV, which I'm sure they'd like to do ASAP with another small raise at a much higher price, if the share price was high enough. I'd expect something above 5 cents might do it.

Tomorrow could be just as interesting.

Gw

Expand

If you got a sh$t load of shares at 0.005, it seems like very easy to pump this up and entice new retail SHs.

1MC Price at posting: 3.8¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

The Rising Tide: How institutional adoption is shaping the future of crypto

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

There are more pages in this discussion • 54 more messages in this thread...

First 87 Last

Add 1MC (ASX) to my watchlist

(20min delay)
Last 3.4¢		Change 0.000(0.00%)		Mkt cap ! $8.403M

Open	High	Low	Value	Volume
3.5¢	3.6¢	3.4¢	$12.57K	356.0K

Buyers (Bids)

No.	Vol.	Price($)
2	92289	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	101162	2

View Market Depth

No.	Vol.	Price($)
2	92289	0.034
2	260443	0.033
2	22091	0.032
3	82290	0.031
3	50666	0.030

Price($)	Vol.	No.
0.036	101162	2
0.037	65000	1
0.038	75000	1
0.039	70000	1
0.040	43979	2

Last trade - 15.44pm 26/08/2024 (20 minute delay)

1MC (ASX) Chart

Cheap as Chips!!!!, page-87

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Cheap as Chips!!!!, page-87

Top Stories

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News