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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My view:Yesterday was just thekids in the playground jockeying...
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Change
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Mkt cap ! $12.54M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 982769 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 7970106 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 682769 | 0.004 |
107 | 62829412 | 0.003 |
31 | 59162553 | 0.002 |
23 | 89292753 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 7970106 | 1 |
0.004 | 45454045 | 25 |
0.005 | 37731095 | 22 |
0.006 | 8998000 | 12 |
0.007 | 9718277 | 10 |
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