I think the trading below the SPP was inevitable for the reasons I posted last week.
Consecutive closes in the red and below the daily weighted average since then says might be more selling off.
Support is solid down to $0.25 but if the sellers pierce that with momentum then pick a price in the teens.
The ASX listing will tag the OTC for a trading guide, so watch for sell offs or large buys lifting the SP.
The timing of the SPP was near perfect and the terms were good (no options and a modest discount) although existing retail holders were locked out. The good news is you can buy now at a discount to the sophs and insto’s entry level.
It’s an interesting time … there’s a risk in holding if the sell off continues support collapses, and, there’s a risk not holding if they release numbers which stack up as economically viable.
A company update on the critical minerals institute partnership or US Govt funding/financing would lift my confidence too but I think the US listing will need to happen before we see meaningful $$$$ being thrown around at what is still an Australian company.
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Mkt cap ! $135.9M |
Open | High | Low | Value | Volume |
27.0¢ | 28.5¢ | 27.0¢ | $138.3K | 499.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 19278 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 228 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 19278 | 0.275 |
5 | 61519 | 0.270 |
3 | 160678 | 0.265 |
8 | 273526 | 0.260 |
7 | 324255 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 228 | 1 |
0.290 | 100855 | 2 |
0.295 | 83781 | 4 |
0.300 | 398100 | 9 |
0.305 | 10889 | 3 |
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