Expecting above 5c is pure speculation, as acknowledged. The sentiment and past performance is simply too fresh in our minds for the price to go beyond 5c in the short term in my opinion. It was quite a blow for the abrupt halt to activities. I don't think something like that provides confidence in near term.
The stock jumped to highs because of expectation it would get into production. Unless certainty is given it will go to production, I don't think the price will change significantly. exception of course is an unexpected announcement on resources.
Personally, I think the only way to go forward is a take over by someone with deep pockets, but not sure if we can get much given the history of performance...
Expecting above 5c is pure speculation, as acknowledged. The...
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.24M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.8¢ | $2.737K | 97.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 375951 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 1049595 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| HIO (ASX) Chart |