Closed today 50c. Which I reckon is a no brainer. Better than paying 93c on big volumes which people did on the 8th of November (9 days ago).
Look at the market depth.
BUY SIDE
10 buying levels from 44c to 50c with 425K bidding on those levels ie on a 6c spread.
SELLING SIDE
10 selling levels from 51.5c to 63c with 168K selling at those levels ie on a 11.5c spread.
Can be back above 60c in a heart beat. It took on all comers today trying to push it down. Heaps of resistance at 48c and above.
That could be the bottom. I keep reading that announcement 15/11 for Yulleroo stating "we have confirmed a significant gas column that will flow gas at potentially commercial rates with the right stimulation program and well configuration. We are optimistic that this will go to commercialisation".
This is why I paid 52c for my parcel after that announcement. I think I have made a good choice.
stock price, page-3
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