You genuinely believe the company is going to go up another 350% before an offtake agreement and then explode even further? To what $1? That's 7 times it's current market cap or a valuation of $2.1b.
This is likely to drop back to 12.5-13c by EOW. You can see the buy side is weakening and the sell side strengthening, traders will leave this stock if it runs out of momentum which will bring the SP down to it's long-run value.
More news is exactly what you need if you want to see 17c+ IMO.
I could be wrong and as I don't hold/not going to buy, I hope I am and it rockets. Worth asking the question though; am I basing this on speculation or investment fundamentals?
Irrational exuberance has been the downfall of many an investor.
GLTAH
Off Take agreements, page-9
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $18.49K | 2.311M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 4996323 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2511425 | 13 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |