Possibly a bit of everything.
But as the SP drops from its recent highs it will drag in more and more long term and recent holders - the former to protect profits the latter to minimise losses.
But in my view - to sell is a big call.
The target SP is consistently being called at around $9-00 - based on Gonneville - no loading for balance of Julimar as I understand it.
Therefore to sell now you are betting:- a) Access to drill state forest will not be granted b). or access is granted but Hartog et al prove to be dusters c). or access is granted, Hartog et al are winners but mining is not approved in the forest.
While pondering all this, in the background the company may be transitioning from an explorer to a miner.
Julimar could be a company maker.
Would it be overstating the case to wonder if we are witnessing the emergence of a new great Australian mining house.
No investment advice here
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Last
$1.17 |
Change
0.035(3.08%) |
Mkt cap ! $455.0M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.19 | $1.12 | $4.358M | 3.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 32661 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 22144 | 3 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
0.035 ( 3.81 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.19 | $1.12 | 884414 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| CHN (ASX) Chart |