Smart money was flowing out from most of the other potash stocks in last 7 trading days while ELM was up nearly 20%. ASX All Ordinaries was also going all the way up 4.2% at the same time period.
ASX: Up from 4753 to 4954 - 4% Up ELM: Up from $2.24 to $2.68 20% Up
FMJ: Down from $3.00 to $2.20 - 26% Loss STB: Down from $5.25 to $4.26 - 19% Loss RUM: Down from 56c to 47c - 16% Loss GMM: Down from 25c to 22c - 12% Loss
Where do you think that smart money was going to? IMO, straight into ELM. I can see some more will pour in to ELM this week.
(the only exception was RDW which made a specualtive anns that Lake Disappointment tradional owners might give permission for mining, which I don't think so)
K2P Price at posting:
$2.68 Sentiment: Buy Disclosure: Held