What a past month we have had. Just talks of drilling down 400m and having all 7 rigs in operation has allowed the market to re-rate this stock. I said a couple of months ago that we were undervalued and i believe we are near a fair valuation of the company at present.
I have to agree with Jay on this one (but will happily be wrong). I cant see us rising so rapidly up to 45c on nothing. Quarterly is due next week so we should see where we are at with drilling. I would have thought a Moktedu result would have been released but i guess the company will just update in the quarterly.
On a technical perspective the chart looks great. Respecting the Bollinger Bands and a solid uptrend is forming. Accumulation occuring when sellers selling....nothing could be better. Its a market darling atm.
KS
its a market darling at the moment
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Last
$1.48 |
Change
0.053(3.68%) |
Mkt cap ! $1.668B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.49 | $1.44 | $3.138M | 2.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 45535 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 51357 | 31 |
View Market Depth
| Last trade - 12.26pm 31/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |