No news is good news ??, page-31

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gustaaf

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26/09/18

14:12

Post #: 35855408
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Originally posted by kapten ↑

I was also referring to more than just today's volume, as I later mentioned "recent measly 100k shares/day." Even on the day of the last announcement 27/8/18 when the share price gaped down on open, at the end of the day 1 million shares were traded significant volume but not huge (compared to the 3/8/18 gap up 5 million shares) it was then followed by 3 days were it traded from 450k down to 212k shares/day since then it's been 18 trading days of barely trading over 100k shares/day. This indicates to me that all those that were expecting higher grades out of the first round of drilling at the Eastern Mafic, exited in the 4 days after the last announcement and were probably sitting on profits from the recent rise from 27c. In the 18 days since then price has been stable around the May cap raise price of 27c (which was over subscribed and raised at no discount to the market price at the time) Volume has been low and consistent and has not increased since Stefan's couple of weeks till news statement expired 2 weeks ago. If investors were getting impatient with the lack of news or had inside information like you suggested, wouldn't the volume have been steadily increasing over the last 2 weeks and price dropped by more than 2c. I'm personally not happy about the lack of news over the last 2 weeks but I'm also not seeing a panic to the door and I hope I don't.
The gold rush hype you refer to, well I don't know were your getting that from. Here's a copy of the announcement that was released the day of the 200% spike 13/11/18. Not a single mention of gold in it.
I'm just not seeing anything to support what your saying, each to their own I guess.
Good Luck Holders.

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I meant to say "gold rush type hype" as a description of the buyers' mentality on the day of the 200% rise, which I doubt will ever be repeated on this stock again. I'll be more than happy if the current trend reverses with steady gains.

GBR Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.2¢		Change -0.001(2.33%)		Mkt cap ! $29.16M

Open	High	Low	Value	Volume
4.3¢	4.4¢	4.0¢	$108.0K	2.603M

Buyers (Bids)

No.	Vol.	Price($)
1	80248	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	247015	2

View Market Depth

No.	Vol.	Price($)
1	5000	0.125
2	80109	0.110
1	10000	0.100
1	18000	0.094
0	0	0.000

Price($)	Vol.	No.
0.135	78649	2
0.140	142666	2
0.145	56811	2
0.150	35382	3
0.155	32258	1

Last trade - 15.59pm 26/11/2024 (20 minute delay)

GBR (ASX) Chart

No news is good news ??, page-31

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Buyers (Bids)

Sellers (Offers)