Good question,
My call is share price will drop back to early to mid 50's for the next few weeks, until further drilling results stimulate Share Price again.
A great announcement means a great day to off load your holding and then pick up additional shares over the next few weeks at a lower price.
I'm guessing a higher floor price than the past month though.
We don't have enough cash at bank to go production (ATM), so I imagine a capital raising will be on the cards. So that will be a downward catalyst for the SP. Now I would hope that the "Mum's and Dad's" get the benefit of being able to increase their holding at reduced prices, however with such spectacular results I imagine Insto's will be lining up to get involved, so a substantial placement may be quicker and easier to arrange.
I think the really smart people would have already sold their holding today, and will sit out for a couple of weeks to buy back in in the mid to low 50's.
GLTAH!
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 15.8¢ | $352.3K | 2.188M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 293524 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 973571 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 293524 | 0.160 |
22 | 1172582 | 0.155 |
13 | 1145574 | 0.150 |
22 | 821263 | 0.145 |
15 | 655494 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 973571 | 11 |
0.170 | 687275 | 16 |
0.175 | 392125 | 4 |
0.180 | 413384 | 10 |
0.185 | 152057 | 4 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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