I might be contrarian here. I reckons she'sgot legs.
Sydney Guy did some good analysis about the AISC and associated cashburn a few months ago after the Q3 release. It was Pretty much on the money and picked Q4 results like a dirty nose. My view is the market has priced in that logic for a while.
More recently there's been a consistent approach by management to serve up good news. This makes me think they are looking at shoring up the share price (probably with half an eye on a CR). Price action has been fairly resilient for weeks, indicating that holders think the worst has passed.
fFom here, I believe 30 cents is greater probability than 18 cents, giving 25% upside for traders. For an investor, a production quarter in line with forecast could see a run to 40c-50c.
At some point Canadian operations need to be addressed - maybe an asset sale, maybe things can get rolling.....again, I think probability is tilted away from more negative news. Worth a punt.
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $188.2M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.5¢ | $801.7K | 3.485M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 349662 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 523877 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 349662 | 0.225 |
10 | 389665 | 0.220 |
5 | 229107 | 0.215 |
11 | 513172 | 0.210 |
9 | 274100 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 523877 | 6 |
0.240 | 333721 | 9 |
0.245 | 250698 | 8 |
0.250 | 587730 | 16 |
0.255 | 368339 | 3 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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