Of course the share price will rise further closer to the drilling date... It wouldn't matter if there were pending approvals or not, the share price would always move higher closer to the drill date because people don't want to leave their money in a stock longer than needed... Why would people leave money in a stock for months and months if the share price wasnt doing anything 6 months away from the drill? They wouldn't, that is why people would throw their money in close to the drill date so they can invest elsewhere in the mean time...
The fact that there are pending approvals just means the share price will rise even further from here than if there was no approvals, but the share price was always going to head north closer to the drill date...
I hold BUY...
MMR Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
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