RE: Very Positive13 Feb 2026 09:21
GoH - chill re Waspy. He’s a typical impatient amateur, that’ll sell too early, then buy in on jumps, rinse and repeat.
The order book suggests big buyers keen on a drop. Support looks shaky for a 5th bounce on 0.34p. The more bounces the bigger the jump to the next stage, as seller exhausted.
The story (fundamentals) is very compelling, so the price doesn’t bother me until the end of Q2, early Q3. The EL is big but equally are the soil samples from our 100% owned CLP zones. I don’t expect the additional 500k JORC early in Q2 will do much, as it’s almost inevitable, so priced in. It is a tangible asset increase event but still expected. EL and positive soil samples are steps up - ideally in that order. The first EL for 10,000 ounces would significantly increase the impact of a large 100% owned district field.