Hi Mickyj777,
I guess you are right to a certain point, the key thing for me when you look at the top holders on this registry, Its a fairly stable holding, with the up an coming drilling results, people might be a bit cautious in selling their shares .
Hence there might not be as many shares on the market to buy, thus pushing price up. 148m in the scheme of things isn't that much compared other LI players, considering where LI is heading, plus the potential for 400,000 ounces of gold. i'd be suprised, if there much of major retrace, but it can never be discounted!!
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