But the 'any other explanation' would easily and not surprisingly be 'speculation that the MOU with Vale becomes binding.' It's clear that's what is happening and I don't think anyone would be surprised by the SP movements. This is a grossly undervalued project and the only standing in it's way is CAPEX funding. As we near closer to a decision on the MOU, big and small money alike is going to be taking up their positions and placing their bets. And I think most of those bets are justifiably biased to the upside.
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Last
5.7¢ |
Change
-0.001(1.72%) |
Mkt cap ! $62.34M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.6¢ | $63.57K | 1.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 207274 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 350000 | 2 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| CLE (ASX) Chart |