The week in a nutshell. CR was made me at the right time in hindsight as they are well funded to be able to know if they find a company making resource. So it sold off post cap raising as 99% of CRs do and sold surprisingly more to 14 before bouncing to 17. Expectations of some interesting drill core visuals had the stock stabilise at around 15. Then the visuals were released and sure enough sulphides were intersected. That's good news right? Well not in this market because NOW the market expected visual specks of Pd and Pt as they had at Julimar in a 1 in a million strike. Ridiculous right well not really as it's sentiment driven so it sold off even more creating a snowball effect to a low of 10.5, 60% off highs and really nothing has changed. Where to now? If you thought there was a chance at 24 or at 20 then why think differently at 11 but there damn well is a chance they will strike mineralisation hence the buys at these levels.
MAN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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