RE: Newbie26 Jan 2021 20:01
For me it’s several reasons:
1. Big demand for the stock and long consolidation around 1p, now with entry below placing price and way below the peak of 3p
2. Fully cashed up
3. A lot of potential news flow in the coming weeks: free carry Donovan, silver projects in Mexico, Elizabeth hill and last and most important drilling on our iron asset (price of iron is mental atm)
4. We are overdue for a move up and people were happy to pay 1.50 not long ago after the last placing, with all the projects we have progressing it’s only a matter of time before we are back there and more
The only thing I don’t understand is where are all the bloody sells at 1p coming from, but it can’t go on forever (one would think)