Well my reasoning is that the sp is up only a pip shy of a 500% gain in less than 3 months on no substantial news. And a a 45% gain in the last two days.
This can’t continue for ever, either there is a leaky ship and we are getting an announcement tomorrow or Friday in which case I think the gain from the Ann is going to pretty much already factored into the sp.
Or, CG and the gang will do what they have done for the longest time and take an extra few months to deliver the Ann’s on JV, offtake deals, and drilling Maria.
Either of these will result in a retrace to around 1.2-1.4 in my opinion.
So, I saw taking my profit as the best option today. This isn’t to say I won’t eat my words tomorrow but I like to take a defensive approach to profits.
Each to their own opinion and GLTAH
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $560.2M |
Open | High | Low | Value | Volume |
16.0¢ | 16.8¢ | 16.0¢ | $1.583M | 9.742M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2339659 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 784930 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 215700 | 0.175 |
6 | 630000 | 0.170 |
7 | 1125150 | 0.165 |
8 | 1918920 | 0.160 |
10 | 651683 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 1869389 | 8 |
0.190 | 3947046 | 21 |
0.195 | 3325980 | 9 |
0.200 | 2906221 | 23 |
0.205 | 1881708 | 11 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
LRS (ASX) Chart |