I would expect a strong move higher on a positive BFS.
The reason being simply , that there are current holders , who know this story very well (including 'yours truly') who have smallish positions but intend increasing exposure post-BFS.
If it transpires that the stock does not move up on posuitive BFS then ... great , we can get set around 10c.
However I would expect 15c first target , a the stock is very tightly held and , as we have seen , any orders around 500k ($45k) can move the stock 1c easily.
Now , assuming the BFS shows a NPV of say 70c/share (which I fully expect) , then its hard to see the stock getting sold down imo.
Remember , a NPV of 70c/share , independantly and thoroughly researched by Lycopodium Pty Ltd , would be very hard to ignore by the market in general , and of course will blip on the radar screens of SGW and other Tantalum players worldwide.
Expect huge press in the UK also , thats where the share price will take its lead imo.
Cheers,
SALTY
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1082995 | 0.7¢ |
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Price($) | Vol. | No. |
---|---|---|
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5 | 1082995 | 0.007 |
3 | 1794060 | 0.006 |
4 | 1026833 | 0.005 |
4 | 9300000 | 0.004 |
3 | 2300000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2833808 | 5 |
0.009 | 4671480 | 6 |
0.010 | 2763194 | 4 |
0.011 | 3000000 | 2 |
0.012 | 10607 | 1 |
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