Understand that it's frustrating to see this trade in a range, while you have LRS going on runs but the "slow update" narrative I think is still a little early.
The last 3 drilling updates have come 4-5 weeks apart from each other. This Thursday marks 5 weeks.
While last year was a different story, CE has regained most of my trust with turn around times in the labs and personally I would prefer the update come a little later so that we can get as much data into the MRE upgrade. This will be the last update before the MRE and the MRE itself will only be based on reported assays like last time.
Personally, I don't see any break of support until we are sub $1.22 and even then. I would love the chance to use this months pay to get some in the $1.10 range before this drill update and MRE upgrade within a 6 week period.
Given our near 200% rise in a month I'm glad we have been able to solidify most of that gain with us only dropping sub 20% from the peak.
To me the chart is perfectly coiling which combined with a few good announcements could lead to another strong leg up.
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Price($) | Vol. | No. |
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