There is a wall of capital being progressively built up on the bid. Currently over 9 million units. Albeit much of it is sub 0.005, it does suggest a bit of interest. Offer side is very illiquid.
You get a feeling there is a bit of pre-positioning ahead of the upcoming monthly update (assuming they do one...). It has been disappointment, after expropriation after inability to source trucks after rain delays.... Having said that, the previous month they allegedly turned a small profit, the new crusher and screening plant are both operational, there was sufficient inventory kept to make up for lower mining levels over the wet season and progress on potential exports out of SA is continuing. This "could" be a turning point update in the midst... Which is why I think there is such a wall of bid's built up.
It could also be yet another disappointment. We await with cautious pessimism
Wall of Capital
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Last
0.2¢ |
Change
0.001(33.3%) |
Mkt cap ! $3.381M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $13.01K | 6.505M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 70566955 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 12178688 | 8 |
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| Last trade - 11.13am 30/07/2024 (20 minute delay) ? |
| IEC (ASX) Chart |