Great question and I do not know the answer either - perhaps more experienced traders could help us out?
Just me wildly guessing (and I would like contribution from experienced traders) - but my thoughts would be this; 1. Salobo Permit is GO - drilling to take place in dry season 2019. 2. Share price initially flys to 5 cent mark........then we await again and maybe falls 50% until near drilling. 3. Buy the dip and await the good news of Salobo results and off to the races and becomes a potential takeover target of the Big Players!
This is my opinion, what is the opinion of OTHERS?
Great question and I do not know the answer either - perhaps...
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Last
34.0¢ |
Change
-0.020(5.56%) |
Mkt cap ! $168.7M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 34.0¢ | $220.5K | 614.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23244 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 54116 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CTM (ASX) Chart |