Lol! I use the word "pop" sometimes but i use it with reference to a balloon or something similar. So to me pop and burst are quite similar. I'm not going to use those words here though, well not yet! lol.
Back in Feb or so the SP spiked to over 3c, since then we've had some share issues of volume size because of the issue price/s. A lot of these places that takes share issue don't mind selling out or some the first chance they get and bank profits reducing risk etc or loosening up funds for some other CR they may wish to subscribe to. We've only had a few good drills hereat Yandall West with width and grades so far and is early at early stages and a lot more drilling is needed to start proving anything with some clarity.
The market knows GTE will need funds going forward it's just a matter of how much and when, GTE is now going to do 1500m RC drilling to follow up, theres no more assays due from Yandal West that i can see so i doubt anymore news on Yandal West coming soon, i'm thinking early next year. However GTE has 30/70 deals with Sandfire going on so we may get some news from that or other things. Overall i like yesterdays news and think it looks very promising and think the mkt cap here seems a bit low too but at the end of the day thats up to the market.
I bought this morning, was too slow at 2.4c but paid 2.5, it rallied up a bit to 2.7 but couldn't hold bid or price and supply kept coming so i listened to the market and reversed my position, I'm very touchy/tradey though just my style and sometimes i miss profits because i can trade too much ( In Hindsight) but i am still looking to buy.
It is also not uncommon for a stock to rally like this one yesterday then have a slower day before it moves higher again, volumes were down today compared with yesterday too.
Best Wishes.
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Ann: Greenfields Gold Discovery at Yandal West Project, page-94
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.35M |
Open | High | Low | Value | Volume |
2.8¢ | 2.9¢ | 2.8¢ | $13.07K | 465.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 186243 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 19948 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3055535 | 0.004 |
22 | 13685797 | 0.003 |
6 | 5650000 | 0.002 |
9 | 8500499 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1660000 | 4 |
0.006 | 1000000 | 1 |
0.007 | 502750 | 2 |
0.008 | 750000 | 1 |
0.009 | 708333 | 2 |
Last trade - 15.57pm 15/11/2024 (20 minute delay) ? |
GTE (ASX) Chart |