Because it is infill drilling confirming what everyone is already expecting, i'd say.
This doesnt really do anything to alleviate the uncertainty some people feel about whether management can get this from exploration to development.
My thoughts are it is no riskier than it was when it was at double the price, so it is either an opportunity to make twice the ROI if you are speculating, or it is a lower risk entry.
Selling may just be fatigued holders or people who miss-timed their entry
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Last
14.5¢ |
Change
0.015(11.5%) |
Mkt cap ! $30.26M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.5¢ | 13.0¢ | $4.435K | 34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8888 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 118807 | 4 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MTC (ASX) Chart |