RE: MRE Bounce5 Jan 2024 12:26
As others have said, the movements north & south are no different from what we've seen for some considerable time now, and, IMHO, I don't see any major change to that, especially when the sp is being manipulated, as is patently obvious to me, and has been for years!
That said though, I'm confident that the 'base' share price is now moving up in line with the latest news (ie. MRE upgrade), and I'd expect that to continue, possibly very strongly too, over the next year or so, as more news is added, up to, and indeed continuing, after production.
I really believe that c.8p is now the base sp. Quite frankly, I dont know why I'm saying that, as I rarely, if ever, mention actual numbers on here! But, hey, if I'm wrong I'll admit it!
That all aside, another hit, in any one, or hopefully more, of our considerable Paterson tenements, either100% owned, or J/V, could light up the touch paper, and result in major sp fireworks! If that happens, and, it's increasingly likely to happen, most retail investors will probably lose out, as it'll be very difficult to buy in when the sp rockets north! As I've said for years, if you snooze, you lose!
So, essentially, I'm more than positive. I believe we have a new base share price, and, if you sit on the fence, you'll probably lose out!
DYOR & GLA!