There are 7 rigs going flat strap at the moment. That`s a mighty lot of lab work to get through and we know they are having decent hits with extensions and infill. True the share price has been steady but there are many who hold this stock in considerable quantity already that are just sitting and may only buy a few on the dips to consolidate because they`re chockers.
Its huge area, and the pace of results will hit in a rush which should bring in new investors for another leg up soon IMO. So I expect some small holders will also average up with the price movement. Its the type of stock that institutions will hold for income flow in the future, not just capital gain. Although there are a lot of shares on the register, this project is so large and mind boggling that it will offset IMO any perceived fractional gains. Plenty of upside to come.
MOD Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
