That is my thought also. A company that is moving full steam ahead towards first revenues is doing a lot of things right. It has a very good resource, but once it is proven to be able to mine and create revenue, that will create a large derisking event or alternatively an upward price rerating. It will also enable a number of investment funds who cannot invest in this sort of exploration company in the early part of development due to their investment mandates to come onboard. This alone creates a stable source of demand for high quality stock, making the short term trader less relevant.
Will the SP go sub $1 again?, page-234
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Last
$1.37 |
Change
0.040(3.01%) |
Mkt cap ! $1.745B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.40 | $1.34 | $27.84M | 20.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 121621 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 8200 | 2 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |