you see this pattern over and over agian - strong rise in the morning, drop back late morning and a bit of profit taking then very strong rise mid afternoon. I wonder if a lot of PIs check the movers over lunch then pile in?
they are still exploration not producer and hav mcap of nearly 700m agaisnt ours of around 5m so how do our assets stack against theirs prior to either one becoming a producer (which can in itself lead to the valuation increasing up to 10x)?
i agree , there is conatsant dilution in a lot of companies like this, but if that dilution gets us to 0.76p in the near future i would be more than happy!
My concern would be that many commditie stocks are always Jam tomorrow and years roll by with more drill results, sampling, seismic data for oil etc etc and nothing gets taken to actual cash positive production all the while monies eroded away on salaries atc then financed by further placings and dilution.
i was just optimistic in this case that there is light at the end of the tunnel and relative to some of the other REM sghares we dont seem to be moving