I’ve been more excited about the Lithium rock chip samples being announced but when I used my logic, I tend to think that the Noomb in fill and extension results might drive the SP harder (if they show a significant increase to JORC).
This is based on our SP running back during May before JORC ANN as well as a short SP spike after the Noomb ANN in August.
The market may or may not place a lot of emphasis on Rock chip samples. IMO we have zero Lithium potential factored into our market cap, so very positive rock chip samples could bring some new money to our stock.
As for the current TA - buying has dried up massively, but thankfully so has the selling. Volume for today was less than 1m units until someone took out the 4.1 line later on in the day. One of the smallest volume days for the last 12 months.
Im happy to sit and wait for the ANNs while the volume stays low and the sellers aren’t showing up.
LRS General Discussion, page-2877
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $363.9M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $462.2K | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 217406 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 167761 | 3 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |