Given the subdued sentiment of junior gold miners in general (check GDXJ chart - it's a good gauge), it is a tough environment for MRP's share price to climb.
That plus the fact that the SPP was only recently concluded at $0.13, there would be quite a few traders doing profit-taking (selling at $0.16 is undoubtedly a cool 23% short-term profit trade).
I personally feel that to break through > $0.15 and stay above it under such an environment, we really need a string of strong results on every in-fill and deep drill report that comes out from MRP to prove that MRP is a $100m market cap explorer.
We'll really know the true worth of MRP by January '08 as ecker implied.
Exciting times - Good luck to all.
MRP Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
