RE: SNOUTS IN THE TROUGH8 Jun 2023 18:52
It will take more than "a hint" of good news for this to rocket.
Bog standard "good news" will probably give us a tickle of a rise which will then float back down over the subsequent week or so - this is generally the pattern you see on most aim shares.
I'm not deramping, i want this to do well, but at the moment credibility is shot.
It will, imo, take a sustained flow of good news to raise this and give stable base.
Right now, 100% takes us to 0.7
Good news may spike 10-15%, maybe 20% optimistically.
Obviously a mega hit may do it, but again, it will need to be followed up with some kind of plan for exploitation (JV etc) which, let's be honest, would likely be viewed with skepticism by the market until pen meets paper.
I'll be happy with a slow grind higher, ticking off milestones through solid fieldwork and a demonstration of shrewd business savvy.