In a bearish market and with no significant news that anyone is really expecting (except for a couple of assays which may not provide much of a bounce because the market already knows we have high grades), I personally think the gap looks likely to close.
If I give you a competing argument - a previous point of resistance (from 31 May 2021 when we announced our Cloud 9 JORC) was 8.5 cents.
Sometimes previous resistance provides a line of support (but I personally doubt it in this instance).
LRS General Discussion, page-6014
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Mkt cap ! $419.9M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $780.5K | 5.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 1140848 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 572767 | 8 |
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