RE: This give an Idea of scope for ROCK7 Dec 2024 07:55
I stuck quite abit of cash in here yesterday, quite confident for the future here, in safe jurisdictions and with the china ban on rare earth minerals it's looking positive. Yes the placing stopped the positive rise in its tracks , but I get the feeling the market was itching to move it up, but wanted to test the water first, normally placings flat line on the day, but this seems different, if flirted to 14 at points throughout the day, so for me it is looking to rise.
The retail take up should tell us everything, I'm sure will be over subscribed with minimum share 250 allocated.
I'm so glad that all of the deramper go to 101 points are not applicable here, directors have plenty of 'skin in the game' , placing done and out the way, it's a friendly jurisdiction, and all directors have alot of mineral expertise, that is why the deramping here is so lame, they have nothing to say.
Let's see what next week brings.