The VWAP period is to be calculated from 22nd to the 28th......so IMO its way to early to speculate about price as its 2 weeks away.
During that time there is 1 exploration well drilling AND importantly the ORG JV 1st drill for the uncon is meant to commence...
Also POO tried to rally down last night and failed. blah blah blah..
That said...a weekly close above .315c will be very positive on the charts.
So I still reserve my position on future price by the 28th .... but it could be more than 10% above the SPP issue price of .315c for retailer like us. If that eventuate, all well and good but at $15K max...the immediate potential gain is not substantial....
I feel for the STO SPP guys..... It leaves a sour taste to be out of the money after only 2 day.s but I doubt this will be the case for the SXY SPP.
Come on !!! I want that break and weekly close above .315c
Quick Q regarding the SPP offer period, page-6
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