RE: Miner11 Aug 2025 22:42
Miner1,
Its theoretical, but very unlikeky. Given the sharecount is far exceeding previous heights it would be something quite staggering to demand such high Market Caps for early exploration companies. Certainly ones so early into their sites, no JORC compliant resource estimates of note. But perhaps this could really run on sentimental and Hype, with no incoming revenue and a few investments here and there. Ive said a while ago, im becoming less and less unclear about their MO here, buying into all sorts, using up their cash that will be needed, are they early explorers, or an investment group, buying shares, making gains to raise capital. I mean ye, if it staves off cash raises through shares great, but you feel their stretching themselves rather thin now. Time to get on with the licenses really.
But in a Trade sense, you did the right call. It had flatlined, that last warrant excersize was like a fart in a Hurricane so defo, Roll the Dice come what may.
Good luck, im unsure on the Cup and Handle short term, but you never know but you should do well