Whilst it does make a nice change to see increased price and volume, I would still be hesitant in expecting the ann this week.
The board meets next week to discuss the options open to them.
I know JY was in China middle of last week and did have talks regarding MolyHill. These talks were seperate from the 3 other offers on the table, and I think he has now drawn the line and will not entertain any further offers.
The board will now have to make a decision, however as I previously stated they will not be pushed/rushed into making a decision that could mean THR missing out on $$$ later on down the track.
Having said all that something must be pushing the price? Seems strange we were stagnate for the past month and last 3 trading days the buyers have been impatient in their purchases.
Disc. I picked up more at 18.5 and now hold around 280k.
Regards TCG
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