Had a dream a few weeks back, we were on a tear past $3.50. Like going through it, as a runaway train does.
Rationalizing today, What beckons ?The mathematics of 50-100mt, With a PEA, in a tier 1 jurisdiction, says if i were speculating of predators lurking, to start positioning a core position. Where does big money make bets in bear markets ?
Back the probability matrix, value that you see being delivered when the turkey is cooked. And ignore those with boxes that cant be ticked.
Canada Tier 1 jurisdiction for a reason. Safety / political stability. That carpet unlikely to be pulled out like in Africa, and who knows what of others like even Brazil ?
Developers need financing. Not jurisdictional uncertainty.
Betting on deep pockets buying the lowing hanging fruit, and then there is a thought to when others will back that bet ? Positioning prior to , cycle reversal that lift the tide, and before others start to position, when game day is likely somewhere in Feb 2024, MRE.
So if you waiting too close to MRE timing, the low entry may have already sailed.
Money flow will want a high probability bet. Its just a question, of how soon those even trading that event pull the trigger.
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $102.7M |
Open | High | Low | Value | Volume |
48.0¢ | 49.5¢ | 46.5¢ | $161.0K | 336.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 18235 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.470 |
3 | 42607 | 0.465 |
4 | 89170 | 0.460 |
3 | 14889 | 0.455 |
7 | 152127 | 0.450 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 18235 | 1 |
0.500 | 11121 | 3 |
0.510 | 23101 | 2 |
0.515 | 35000 | 2 |
0.520 | 20000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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WR1 (ASX) Chart |