Seems to be a pretty common theme that exploration success does not translate into any sustained positive movement in share price (in the short term anyway). Just have a look at the share price performance of XAM (the "winner" of this years Explorer of the Year award).
Its good recognition from industry peers that Southern Nights is a really good discovery - which I think most of us can agree on.... and its not like PEX have closed off the extents of the orebodies yet either - so further upside remains for additional tonnes and grade.
Seems to be a pretty common theme that exploration success does...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $7.15K | 65.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41123 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 99999 | 1 |
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| Last trade - 15.33pm 19/08/2024 (20 minute delay) ? |
| PEX (ASX) Chart |