My view:
Yesterday was just thekids in the playground jockeying for position. In a few days we will know theseller. There will be no T/O until the JORC/s are in.
Management cannot recommenda T/O without a JORC & BHP et al will not bid until the resource is Tier 1with a mine life in excess of 20 years. BHP et al would rather pay $2B for afully defined resource than risk $500m on what could prove to be a 5 year mine.If it proves to be a 5-10 year resource they may/would buy the off-take. If it’s20-50 year mine they will buy the mine.
In the meantime theMACD is weak reflecting the uncertainty of the size of the resource andmanagements ability to start-up within the stated time frame and budget.
As always sell a fewon strength and buy a few on weakness until the MACD lines converge then itsALL IN.
Cheers
XanaX
One of the Padleybelievers
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $10.92K | 2.214M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
92 | 68826417 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 16787198 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
92 | 68826417 | 0.004 |
37 | 38392259 | 0.003 |
18 | 30550475 | 0.002 |
18 | 24600201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 16787198 | 32 |
0.006 | 28597180 | 19 |
0.007 | 38440883 | 39 |
0.008 | 6829072 | 15 |
0.009 | 4338007 | 13 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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