For me, the over rampers are part of the issue here with GLN, the "you know who" have pumped this stock so hard with "deep research", lofty share price targets and ridicule of those with a more moderate view and expectations. This hype bought in traders and newbies and pumped the stock higher than it should be given they are not even finished drill hole 2. Hence when a little doubt emerges its run for the exits.
These things are seldom simple and pan out exactly how we would desire, there are ups and downs. Ultimately there will be a good brine resource at Candelas.
I agree with RJ to the extent that in hindsight that they should have drilled in a linear fashion moving south rather than go for the money shot its basic risk management, it could still come in though. Remember deeper drilling takes longer and more things can and do go wrong.
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.50M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 13.5¢ | $232.3K | 1.669M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 2178553 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 746751 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.115 |
7 | 472031 | 0.110 |
11 | 947628 | 0.105 |
25 | 1490999 | 0.100 |
2 | 20000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 1573785 | 9 |
0.130 | 254710 | 7 |
0.135 | 293280 | 3 |
0.140 | 225541 | 3 |
0.145 | 344396 | 6 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
GLN (ASX) Chart |