Hi adoma.
Thanks for the info.
I am looking into MKO, and I see the SP spike on 25-2-11 (open 16c, high 24c) would have been entirely due to the announcement that day.
Obviously the market liked what it was being told.
I cannot see any announcements on 7-3-11 when the SP spiked to, and closed at 30c.
What happened there?
Pumped up by DTers playing musical chairs that day?
Would I be correct in thinking the uptrend since 15-3-11 would have been due to expectation of the Anthill results due late March (that was the expectation at that time, but of course is running late now)?
Now hovering around 25c, 10c higher than that support level that existed up to 6 weeks ago, how much of the Anthill results have already been factored in? (drawing a similarity to your comment about their being no surprise with PDY, which I agree with, although the PDY maiden JORC did come up with 850Mt, more than the "guaranteed" 500Mt).
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