Their is a problem I see with your logic here King around saying the uneducated market is slow to see what LOM is. I say that because whilst the market may be slow on the uptake, the sellers definitely know what they have (they purchased them some time previously on what I would hope on the back of some research) and they are still selling. So if you believed you had one of the biggest winners on the market ATM, why would you sell?
I just don't see the logic in the price at present? Two positive announcements and we end up 2.5c/1.5c above the pre trading halt close on heads and options? I don't get it, I don't see why you sell into positive news (unless you are profit taking with a margin you are already happy with).
If I had cash on hand I would buy again right now. I think this is a huge time to be very contrarian.
GLTA and DYOR
Where are the Buyers, page-141
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Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.43M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15800 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.7¢ | 31257 | 1 |
View Market Depth
| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| LOM (ASX) Chart |
Day chart unavailable