A major issue is the small amount of free SOI, a fund/insto/large investor cant access a meaningful parcel without sending the SP into orbit. By meaningful, I mean a minimum of +$5m or +11m shares. Any number of players on this thread could push the SP to 60c in seconds, but that wouldn't be smart. I can't believe I'm saying this, but I believe a decent raise is warranted and will do wonders for the SP as long as it goes to the right home, a large party that's interested in driving the SP.
On the sloppiness/dodgyness of the directors and the P&D mentality, that doesn't matter as much because a world class deposit will speak for itself (unless they are fabricating these drill results?). They do have Sandfire on the register witch gives them some level of credibility. I doubt this board will bring this project to production, it's ripe for takeover once all the metrics are known so all management needs to do is drill, define and promote (surely these guys can do the minimum?).
If you're trading it and want instant glory, good luck, reckon you'll be disappointing and trade yourself out seconds before the big move...
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Last
$4.10 |
Change
-0.100(2.38%) |
Mkt cap ! $918.1M |
Open | High | Low | Value | Volume |
$4.15 | $4.18 | $4.05 | $2.359M | 574.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $4.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.20 | 5541 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1197 | 0.835 |
1 | 5000 | 0.815 |
3 | 9950 | 0.810 |
2 | 21000 | 0.805 |
6 | 46713 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 40000 | 1 |
0.850 | 14746 | 1 |
0.860 | 9795 | 2 |
0.875 | 9168 | 2 |
0.880 | 17293 | 2 |
Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
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