I don’t see any issues here, after announcing the acquisition the SP went from 0.018 to 0.039 over a few weeks.
Then they almost doubled the SOI with an issue price of 0.016 which dipped the price all the way back to 0.019.
A few weeks ago the SP got back into the mid 3’s, I’m not sure how much the insto’s still hold but we have not had notice of them not being substantial holders. We are seeing decent volume most days which shows there is a lot of interest in getting in.
Nobody here has a decent prediction of what the SP could run to on success.
I think just chill, it’s early days for this drill, a lack of good SP is common with other drillers at this point of the drill program. The SP is still well above the CR price of 0.016
