Hi SF2TH
Yes it is a terrific looking graph and I think the SP may just be "looking for a reason" to continue the upward trajectory. If that is the case, the trigger for a SP increase may well come in the next round of drilling results or someone offshore buying up all available shares at the current prices.
Over the next six months we will have a significant amount of news flow which along with the growing interest around the world in rare earths could reward current shareholders with some very substantial increases in the SP.
I think that there will be significant interest from Chinese companies and European companies as well. I am not sure that any USA companies will become involved but they may miss out on a wonderful resource if they dont. I do think that an increase is coming and is likely to happen over many months. If the drilling results are positive I believe it will happen.
There may well be sufficient resources to supply ALL the companies that have the capability to process the concentrate.
Cheers W2
IXR Charting & T/A, page-12
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $67.63M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $85.86K | 6.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 68 | 25477332 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1949218 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
0.001 ( 6.87 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.3¢ | 8033422 | ||
| Last updated 15.10pm 02/05/2024 ? | |||||
| IXR (ASX) Chart |