A cash raise if it was to happen might not move the SP down but up. Think about this if it's a Tier 1 discovery many buyers might be holding off in case of a cash raise. Once that's out of the way buyers will enter. Saying all this I don't see a CR coming this year.WA1 cash raises didn't hurt the SP. As for today's trading a big drop off in Volume i would say all the T2 traders are out from Wednesday's pump. Monday should see it move closer to 35, today we had an inside candle, and we tested 30c a few times over the day, it held up well. Everyone knows more drilling results are coming and many would like to be set for that next pump.
PTR Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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