Dificult to calculate where the sp will be on first delivery.5 Jun 2024 07:51
Risistance currently 8p. seems logical to assume, as we go through June, buying will continue until official announcement/vid of first truck picking up ore for first delivery.
while i doubt 32p will be seen until everything works as hoped for, hard not to believe that the sp will be somewhere in the 15-20p region then.
'course, that also would allow 10 warrants to be exercised and, with no guarantees that cln holders will remain as lthers, and, i assume, Fryer won't divulge in advance at what price the first conversion will have been agreed, have to assume that 20p becomes a very attractive price to convert for both remaining 5p, 10p warrants and the clns. makes me doubt that 20p will be an easy resistance to break.
but (and assuming no curve ball to hamper progress), is 15p realistic by first week of July?
and, if so, are buyers going to hold off until the last minute to buy, having become mistrustful of plans coming together or will there be fomo meaning buys will trickle in from now, at 8p, and see a gradual rise to... that mystery level!?!