People always have a misconception that share price will fall towards the placement/rights price because the big players will sell them off in the market to pocket the difference. That is very true if the sentiment is bad. With the bullishness seen in the lithium and resource sector, we could see big players pushing the share price up instead. Why earn 10% when you could easily earn 100-200%. I see 20-30c possible in the short term. For such a large and advanced lithium project, less than $100m mc is a steal.
People always have a misconception that share price will fall...
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $74.50M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.5¢ | $177.4K | 1.480M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28439 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 680357 | 8 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| GLN (ASX) Chart |