RE: Market reaction....10 Jul 2024 11:15
They have permission to drill to the depths required to double the resource, which includes below the groundwater level. Permission for mining that will be sought in due course.
I wouldn't judge the reaction here on Day 1. There isn't much liquidity at these levels, and it won't take much buying to lift this (just as it didn't take much selling to send it down). I think it's a case of scooping up what you can sub 2p, because newsflow will likely continue to be positive here on both the drilling side, and assuming the new COO lives up to his reputation, there will be news on reduced capex for Stage 1 production and some vendor/offtake financing news.
So happy to accumulate at these levels, whilst this recovers from its recent bruising. All imo and GLA