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18/05/16
06:23
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Originally posted by aaron$
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I have no doubt that the directors will be presenting the report in such a way that they hit their 10c price to exercise those options; I think it will go straight past the next 7.5c target on open tbh. I've watched so many of these large results being released to market and the impact on SP can be amazing, often multi day runs.
The big question is how high current holders think it will go? If the general consensus is 12c or whatever, i'd expect to see a lot of profit taking around this region. So far, PIO holders seem to be very strong holders, with little retraces after spikes.
Just keep in mind that when this opens, the stronger we are collectively, the bigger the reward ;-)
Looking forward to announcement, should be a ripper!
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If we hit 10c they'll be a fair bit of profit taking, only thing people forget is Mavis is PIO's main lithium project at least for now, the results may change that.