Initially in from about 4.1c (maybe 3.7c as well, will have to check).
Was not keep to enter on the intial run...at that stage, it was all guess work...now that the ASX has questioned them, suggesting there is more than likely something behind the buying, I am happy to load up.
This addition level of caution stems from previous experience of getting caught in a pre "administrator called in" pump and dump, when a particular stock took off for no reason.
I bought up before at least having some idea of what was going on and sadly watched about $20K turn into $0
Once the reply to the "please explain" came through, I knew there was a fair chance that something likely triggered it all off.
Right jungle...right interestion...certainly not expensive at current market cap...assuming of course the chips have generated excitement for the right reason.
I am interested in the u3o8 grades, but more interesed in what it came with.
My understanding is the scintillometer can not give ppm readings...only "counts per minute"...it is this little fact that has my interest.
They have made reference to similarites to Mary Kathleen...assuming they are visualising comparible ore, then a simple "counts per minute" comparison may be enough to assume ppm?
Alternativelt, the company may have conducted some basic on-site assay work...not acceptable for ASX reporting, but enough for ore categorisation prior to sending to the labs for specific assay.
Regardless of what is going on here however, clearly we have net buying and significant interest...enough for a modest level of exposure.
Worthy of note however is that the price did not go up because of net selling!
Think about that.
Cheers!
ZNO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
