The pullback from the recent jump from mid 0,03's to the 0,06 would suggest very little if any short term speculation. Further to that, any breach of the 0,05 support is quickly hoovered up by several large-ish orders that appear on the bid side. Of course this is all speculation, but it does appear that someone is accumulating at these levels, which is of significance given we are now trading much higher than where we were a few weeks ago.
Once we get either another set of significant drill results or the work permit, i would think we would easily punch through $0,06 with volume which would allow for the next re-rate. I'm thinking people would be looking to get set as we approach the next revision in resource. I'm hoping for in excess of 40M tonnes.
DER Approvals, page-18
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Last
$2.80 |
Change
-0.050(1.75%) |
Mkt cap ! $8.477B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.83 | $2.78 | $7.144M | 2.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 18734 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 78192 | 24 |
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| Last trade - 12.32pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |