Id say... 5p would be your MINIMUM risk price here - ie it wont drop below that (famous last words)... but upside is HUGE...
Give...it...time... imo...(which Im the worst at doing!! lol.)
IMO... probably move tomorrow... ive sold far too many baggers of late too early due to it not moving quick enough (nuog I was there before the herd 2 weeks ago when could buy at 0.35). grrr.,... this is another chance...imo.
Seller needs to be cleared first - look at the delayed sells... guess someone wants out now - probably pre ipo investor. Once cleared should rise nicely... imo
MCAP £11M - READ the rns:
"At current spot prices, the Ni (US$4.21/lbs) and Cu (US$2.68/lbs) credits add an additional US$521 million to the in-situ value of the currently declared PGM+Au resources at the Project or approximately US$22.6 per tonne"
ADDS $521M DOLLAR VALUE...
take 10% of that worst case.... adds $52m value say... thats FIVE TIMES the mcap ... ADDITIONAL VALUE