Where does the share price go ?26 May 2024 10:10
From here I think it's fair to say we are about to be in for abit build up in sentiment.
Reviewing what's to come it's extremely risky to trade skim any to try take some lower.
It's a case what, when and how good the order of news comes in.
Where we build up too pre commissioning will give all the signs at that point to me wether we will crack 1p.
I expect however IF not saying it will break it from there, will be a break out as current broker target is 1.8p area before any resource upgrade I expect them to review that again.
These are not any of my formal calls for share price it will achieve XYZ but there's a chain of events that can certainly narrow down a potential of it doing so.
We are in critical months now with what has been 8 years + in the making for kodal and some holders.
I genuinely believe that hainan will attempt to take us out at somepoint. But what is good is kodal although has some institutional investors it's very weighted towards private holders so we will have a real sway wether we accept any offers hainan makes. Let's not overlook the fact BA has a massive holding and leo just before suspension and at peak price the ceo sold off. A massive telling sign. What's good for BA is good for us.
This brings me into my next thinking, how big is bougini license areas? We really have only scratched the top of the area and already chasing top 10 global resources. All the drilling is funded.
Hainan have been a fantastic choice for kodal. But don't underestimate the chinese for taking out junior exploration companies.
Atb
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