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If you think back to the heady days of 2021 when we were in the 7p's just building up to the 16-2 drill. Work at 36-2 was just a distant dream.

There's a channel structure in the chart that if filled would see this near 6p in the next few weeks.

Petro what you're in effect doing is telling microcap investors/speculators not to make money out of opportunity. Good luck with that!

That was some dump! But plenty of buyers hoovering up. Interesting couple of days.

That would seem the best outcome for shareholders. Great opportunity for the new management.

It will be Jason Cropper. He was loading up here last year, we were all wondering his motive. He may be tax loss harvesting or he may have decided with the EV metals FD hoovering up the EV metals stake that he wasn't going to be able to build the position of influence he was after.

Most likely a little tax loss harvesting.

If it is a leak it can only be news of the rig contract?

As an investor focussed on the share price it seems to me that now there is a revenue generating resource, combined with the backing of the Kasangra's, it's hard to imagine the shareprice hasn't bottomed - the threat and execution of dilutive raises which destroys share prices for these companies seems to have gone.

I should add this is coupled with a sector which has been in the doldrums for years now and sentiment being at a low (though I'm seeing signs of enthusiasm starting to return).

The fundamental problem for the share price is KM doesn't bang the drum enough. The investor market isn't aware or aren't reminded enough of the projects and upside, so fails to attract new interest. And because fo the lack of interest the speculators/traders who operate at this end of the market avoid it too as there's more activity/volatility elsewhere.

Or at least the issue, which we had been prepared for and warned of, is now behind us.

Good news, time to get interested again.

Try turning your chart the other way up.. :)

I agree not the RNS long term and impatient shareholders were after but non holders may see it as an interesting time to get onboard. Preperations for the redrill have been lengthy but it strikes me a lot of attention has gone into getting it right this time.

There's too much at stake personally for Sorrell. He won't sell though I'm sure WPP would love to make an offer.

I can't see Sorrell admitting defeat and selling far below IPO level. He's not the type.

Encouraging RNS. Like how the deal is structured, all shares so it would seem Hesperis Resources are confident the area is prospective and CMRS are in a position to take it forward. Would be interested to see the data.

Yep apparently dumped, onto the next..

We don't know John as you say, but the price action suggests it was a liquidity grab, sharp dip and immediate bounce.