Perhaps, but I think there's too many unknowns here to attribute $15 a ton to the resource. Firstly, it's a target, then we don't know the actual grades, dilution for going to production, and even if they will get the 25%. So, IMO it's too speculative to attribute any $$ a ton at this point. Even giving them $5 a ton is questionable. On spec value, it could certainly be revalued, but to what point is pure guestimate. It may be a RR trade for some people and could have a nice payoff if the numbers add up down the track.
This stock is extremely high risk and very easily manipulated by traders as we saw today. Ran upto 3.3c after a slow start and closed at 2.8c once several large buy orders disappeared.
Bit annoyed but made most of the run up today to dispose of all my holdings. Got a close eye on it though.
Could be a bottom around 2. Making some higher lows and highs, heading toward 3.5 where there'll be lots of resistance. EOD close above 3.5 and it might be classified as going up, instead of this mid term sideways push since Oct. Had a few intraday spikes which failed badly, so I wouldn't count chickens until strong EOD close and follow through, and a test of the new support.Are we getting into trading diary posts now too?
How about something of value to all of us rather than what you buy and sell?
Again, what do the techies think?
disc; I hold
Are we getting into trading diary posts now too?
...
So does anyone want to put some money down that an announcement is due tomorrow or Thursday?
Look at the share price go....someone knows something.
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