Hey Sydney
As more and more drill holes are announced, validating the previous drill holes by Madison then more and more instos will invest in IDC.
Then once metallurgical samples are released and the PFS Report, we will see an upwards impulse move that will break free of the current 20c ceiling.
It is milestone events that lift small cap mine developers!
SDL sat flat for 12 months, then once they announced the MOUs with China Rail to begin the engineering work Mbalam, eg a milestone event, the share price lifted from 12-13c to 34c overnight. And never went back below 22c!
We are on the cusp of multiple milestone announcements from IDC, if you look at their timeline, we will hopefully have more announcements soon.
I have emailed SP and he says everything is OK with the project.
So it is must be day traders getting in and out based on SMAs EMAs, Fast Stoch and RSI technical data.
I suppose its is our opportunity now to accumulate before the next round of announcements. :)
Cheers Nectar
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