High volumes lately on consecutive days which could comtinue with the Nickel price upside. Any conversion shares are easily absorbed. In fact they are providing liquidity to buyers is one way of looking at it. High volumes attracts traders. I would expect next band of traders heading this way very soon.
Don't forget Gazelle will follow through Heron....so lots of support around share price around multiple drills. Gazelle is also right on the border of another PetroChina producing oil well.
That's why I think u would see reasonably stable share price over coming weeks. Folks could easily get wrong footed here second guessing which of the 3 drills will strike Oil.
RE: nickel price could go a lot higher2 Sep 2019 22:34
Will not surprise me if share price makes big gains in the coming days / weeks to play catch up with where Nickel price has gone with more potential upside on the cards.
Nickel has wrong footed every analyst...they all will be scrambling and coming out with higher price forecasts soon.