Well when you are talking about a potential Billion dollar plus project in Alpha + some very tasty looking bulls eye IOCG targets at Georgina, I’d say the market was paying up because it was fully justified. The MC is nowhere near the size of the prize.
I just don’t think the buyers had the looming spectre of these 1.9 cent shares in mind when they were paying up to get a seat at the table. It’s been an ambush from out of left field for many I am sure.
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