If you want to know my thoughts, I believe this is all premeditated. The release of the soil sampling program helps to disguise the big boys buying……..think about it logically. The big buying came in line with soil samples, which obviously will fall short of everyone’s expectations. We shall expect a small sell off tomorrow which allows the market makers to keep adding to their position.
I can tell you know that the individuals spending $50,000 + on Friday knew exactly what they were getting themselves in for, and it certainly wasn’t the report we received this evening.
To put it simply……. Something of wild proportions is brewing, exactly what that “something” is, unfortunately is not known. Analysing the price action in conjunction with news flow highlights to me we can expect material news before Christmas in which will see us around 6-7c according to the charts.
My educated guess tells me that the board would only want to acquire a project in a proven region. Domestically, I know DEG have been searching for a soulmate for the past few months as have GL1 and CRR. Maybe this is our chance to lock arms with one of the majors and waltz into the sunset?
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Mkt cap ! $10.84M |
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Buyers (Bids)
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14 | 6260977 | 0.009 |
7 | 2364000 | 0.008 |
3 | 730857 | 0.007 |
3 | 995000 | 0.006 |
Price($) | Vol. | No. |
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0.012 | 3572035 | 9 |
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