It is interesting to watch the trade patterns on this since the announcement, as the share price could have been pushed lower to its previous highs at least to - 2.6c.
PEN seems to be recovering well, maybe people realise that there is value in just having the historic drilling data. It was mentioned the other day on this thread that the share price should be worth around 6c just for that alone.
912000 meters of drilling - worth approx $70 million.
I am not sure who mentioned it, but it was in the past 4-5 days on HC.
update on historic grades at lance and karoo, page-11
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9842754 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 4002799 | 32 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |