We may be seeing "run away gaps" that stay open and add to FOMO. Main thing now Hot Copperites is to let your profits run and that Regal now look like fools with their "portfolio rebalancing".This may work for well distributed blue chips but is chopping yourself off at the knees for rare birds like FYI.They should have known!
Two points for discussion: 1.The order announcements, and does it matter? The revised DFS will depend on Alcoa agreement,so suspect the agreement will be first. Offtakes probably dependent on DFS. Ecograf details can be landed at any time- perhaps Roly should shoot this one out to continue the present momentum.It may matter as each creates an expectancy of the next and this is what gets FOMO going.
2.The multidimensionality and quality of the announcements Consider DEG where there have been heaps of announcements regarding drill intercepts - all adding to the resource size-nevertheless the SP has been falling.This is because they are unidimensional announcements.If an announcement came out say that 50% of the ore body was free-milling, then the SP would shoot up.A positive announcement in a new dimension acts as a SP catalyst. The FYI announcements will be multidimensional and probably high quality (e.g.binding off takes with a big name).There is significant co-dependency as in point 1, so this leads to the question ,will there be a Joker in the pack?- with Roly's ability to pull a rabbit out of a hat,nothing would suprise.
Finally,we are all itching for a signifcant announcement.They are all taking longer than expected so there will probably be a cluster of announcements. Asculpeous hopes that they are spaced a week apart so act like booster rockets on a Moon mission.
