This current move was on a high-volume break below the $0.05-$0.052 support line spurring a bit of panic. We had similar but lower volume moves last year in October and again in November and this year in March. My guess is the volume today was due to panic, unless of course it could be potential CR participants dumping stock to pick up cheaper in CR. The fact it broke through support makes me think it could be a CR and expect this will be shortly followed by positive news from Mulga Bill. If it is, we should know by the morning.
OCTOBER 2023 - Good high grade results from Mulga Bill
October fall was due to the state of the market in general and the spike was high volume trading on good news from Mulga Bill.
NOVEMBER 2023 - $4.5m CR followed by new projects to double GBR footprint
The November fall had low volume and resulted in a CR followed by a high-volume spike on positive news.
MAY - JUNE 2024 - Exercise of options followed by results
Exercise of options bought in more cash followed by high grade extension to Mulga Bill
July 2024 - ? CR? followed by good results from Mulga Bill?
General Discussion Topics, page-3547
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