Agree. Insto support is strong and weathering the short term setback. A few retail holders panicked but Instos understand that a Scoping Study is just the beginning of feasibility studies to come The Definitive Feasibility Study will look very different and has the potential to double the share price. Look at tier 1 companies like Capricorn as evidence that derisking is the key to massive SP gains. Also wondering why the company released such a conservative time line? Are they moving to replace retail holders and giving instos a bigger slice of the pie?
Patience is needed now.
My Opinion
Agree. Insto support is strong and weathering the short term...
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Last
$1.78 |
Change
-0.155(8.01%) |
Mkt cap ! $692.4M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.96 | $1.78 | $8.548M | 4.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1200 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 57278 | 2 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |