I agree with your question regarding D D stop loss being triggered. Bots may be testing it as we exchange views.
I now speculate that some words in this market invoke a selling response:
1) Capital Raising, which translate as borrow someone elses shares , sell short forcing price down further & buy back at a lower price to catch ride back up again;
2) Development , which translates as long periods of potential capital raisings which dilutes owners equity of shareholders who got in early to build up this great deposit.
3) "in-fill" , which translates as drilling same holes all over again for a JORC to keep bank managers happy, so that development work can proceed. Drillling is expensive & also difficult so do not under estimate extra costs to satisfy a computer program which is very necessary for legal requirements to get bank managers on board. You see after global financial crisis it became increasingly difficult to borrow money to go through development phase. I invested in Albidon & lost 6k as when price of nickel collapsed Albidon folded. Eventually chinese picked up mine. This being given, a JORC is extremely important for those putting up othere peoples monies such as bank managers or inverstment bankers.
Sorry for negativity. I do not have emperical evidence to back up the above speculations & ramblings. Why this good share is falling in price is defying logic. Again I apologise for negativity & bias & I don't blame people for having a go at me.
good luck long term GOR holders of script.
wbddrss
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Last
$1.90 |
Change
0.000(0.00%) |
Mkt cap ! $2.054B |
Open | High | Low | Value | Volume |
$1.89 | $1.90 | $1.87 | $6.734M | 3.598M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11185 | $1.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.90 | 45172 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5582 | 1.880 |
1 | 5202 | 1.875 |
5 | 36231 | 1.870 |
1 | 4647 | 1.865 |
1 | 4647 | 1.860 |
Price($) | Vol. | No. |
---|---|---|
1.895 | 4000 | 1 |
1.900 | 282388 | 18 |
1.905 | 20000 | 2 |
1.910 | 16232 | 2 |
1.915 | 24647 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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