Likely he will be forced to the market. A strategic investor looks at fundamentals and there are some control/agency issues with the company structure - and he hasn't brought one in yet, cant see that will change anytime soon. Not a bad thing.
Id say it will go below 3c - before rising again on any or all of the following:
- Announcement of mobilisation and exploration plans - 45-60 days from now ?
- Announcement of capital raise - 60-90 days from now?
- Commissioning of some infrastructure - 90 to 120 days from now?
- Initial sampling results - 120-180 days from now.
A few entry /exit points coming up. Id bee selling at anything above 5 and buying again below 3.5 ( its certain to get there or below) Happy trading
Likely he will be forced to the market. A strategic investor...
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Last
4.0¢ |
Change
-0.009(18.4%) |
Mkt cap ! $8.46M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.0¢ | $33.05K | 740.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 148492 | 2 |
View Market Depth
| Last trade - 15.56pm 24/05/2024 (20 minute delay) ? |
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Last
4.5¢ |
Change
-0.009 ( 8.16 %) |
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| Open | High | Low | Volume | ||
| 4.5¢ | 4.5¢ | 4.5¢ | 34919 | ||
| Last updated 14.12pm 24/05/2024 ? | |||||
| GIB (ASX) Chart |