I just bought back in today, and thought I’d share why. I’m thinking we seem to have stabilised now after the downtrend. It’s dropping out of the ASX200 on Monday, which I think explains much of the recent selling, and now it’s definitely out I reckon that drop’s already priced in. I reckon any manipulators now have a strong incentive to push it back in if they can (so I suspect they’ll try). With revenue coming at earliest in 2029, I’m expecting a lot of volatility in the interim, which I think is backed up by the high short positions - so I don’t think shorting is a sign that people think it’s overvalued, I think it’s used as a hedge on long positions, which enables people to take advantage of price swings more easily without raising signals - so it’s a sign people expect wild volatility ahead, and from where we are now, a wild upswing looks like it would be bigger than any wild downswing. Plus the scoping study and pending drill results could fuel a surge. So that’s why I bought in.
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I just bought back in today, and thought I’d share why. I’m...
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Last
$1.14 |
Change
0.020(1.79%) |
Mkt cap ! $441.4M |
Open | High | Low | Value | Volume |
$1.12 | $1.15 | $1.12 | $3.158M | 2.794M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10000 | $1.13 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.14 | 20306 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10000 | 1.125 |
2 | 20007 | 1.120 |
4 | 85681 | 1.115 |
6 | 59858 | 1.110 |
2 | 3604 | 1.105 |
Price($) | Vol. | No. |
---|---|---|
1.135 | 11858 | 1 |
1.140 | 12800 | 3 |
1.145 | 65000 | 3 |
1.150 | 111535 | 5 |
1.155 | 35000 | 2 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.14 |
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Change
0.020 ( 1.79 %) |
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Open | High | Low | Volume | ||
$1.12 | $1.15 | $1.12 | 762588 | ||
Last updated 16.09pm 03/05/2024 ? |
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