RE: PANR20 Aug 2025 10:20
@LW
I remember, It hovered around that 0.14p level for a day before being marked up to 0.17 range which was available for the first few weeks in June after which the price then really started to take off.
It hit resistance at 1p and is now simply reacting as one would expect any small cap to react that has 10 x bagged and had a recent 150% day spike as profit takers lock in some gains and traders look at the intra day chart for guidance.
It's gone about as good as I could have.imagined and played out in line with how I expected it to go over the past few months.
The next phase will be driven by news from the end of hole 1, lab assays, hole 2 / step out drilling reporting and further assays.
They have sufficient funding for the planned program of work and I guess results will dictate if that drill program is to be extended.
As we saw over at EEE when the same drill crew who are now working for WSBN kept producing great drill results, raising further funds to extend the program of works at higher levels was no problem.
The big discounts only tend to happen when things haven't gone totally to plan and the company and SP is having to regroup.
As we've seen over the past year at the likes of OMI / EEE / GSCU / PAT etc.. when all is going well raising into a rising SP at ever increasing levels is nuch easier to achieve