We have just had our highest daily close since 22 Feb., 2016 and highest weekly close since the week of 15/02/16 - that's over 1.5 years.
It is also our highest daily and weekly close since MB has invigorated this company.
The volume characteristics are also improving.
I suspect we'lll have to do a little bit of work at current 21.5/22 level - but not much before having a crack at the high 20s/30c level.
So why "ho hum"?
Very simply because the game hasn't even started yet.
MB didn't get involved with TTE/GEV to take it to 20 or 30 cents - he's here to see a dollar sign in front of the stock.
By way of comparison, LNG spent about 3 months in the 20s.
It then moved into the 30s, consolidating there for about 4 months.
Then things started to get interesting, with a 600% over 4 months or an 1100% move over 7 months.
Of course, past performance is no guarantee; however, I definitely wouldn't bet against the great man.
That's why I have patience and believe that, although it's definitely encouraging to see GEV break out from a narrow 8.5 month trading channel, this isn't even the entree.
As I posted in another thread, GEV is the easiest multi-bagger on the ASX.
And today's price action is simply confirmation that this is indeed the case.
HAGWE.
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Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.11M |
Open | High | Low | Value | Volume |
4.2¢ | 4.2¢ | 4.2¢ | $7.538K | 179.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 48056 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 258823 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48056 | 0.042 |
2 | 235983 | 0.040 |
5 | 264487 | 0.039 |
4 | 453807 | 0.038 |
2 | 370000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 258823 | 2 |
0.044 | 44000 | 2 |
0.045 | 269729 | 7 |
0.047 | 33532 | 2 |
0.048 | 97499 | 2 |
Last trade - 10.07am 14/05/2024 (20 minute delay) ? |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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