The bots that were accumulating last couple of days look to have stopped.
Volumes have dried right up in comparison. Maybe taking a breather before resumption?
We'll see next few days. Also overall market is in the toilet last couple of days so that tends to put a dampener on things.
The underlying drivers haven't changed and the more I read about different smaller resource plays, the bigger end of town keeps stepping up and taking positions (with the view to takeovers SFR on ADT for example, SLR on Doray etc etc) to feed their pipeline of future projects.
It's a good time to be a small player with solid ground holdings and proving up reserves. Big fish gulping up smaller fish. It's that part of the resource cycle. Cheaper and more time efficient to buy someone who's done the work than to develop from scratch yourself if you're a cashed up larger outfit.
ENR Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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