Looks like the low is in for the Aussie summer.
Last year's bottom was ~16th Jan which was the announcement of the comprehensive 24 exploration program was issued.
No doubt the 25 exploration program announcement is imminent (maybe next week I think?).
We'll probz push up into Apr 25 which is when assays are expected from the Cad winter drill program.
We'll probz return the same ordinary results so the share price should be downhill from there.
UNLESS.... we clearly articulate a return to the Central Zone and we say the 600k oz we have is valid and we're looking to build on that.
What will management do... take random lotto shots in the dirt as per the prior 2.5 years OR return to our 600k oz resource and build on that?
I believe they will do more work in the Central Zone 600k oz resource, but I'm concerned this wont be clearly articulated in any announcement.
I think they'll continue to pivot back to the CZ in a stealthy manner so as to not draw attention to their strategy over the first 2.5 years, which has been proven to be a failure as per the performance of the share price.
Lord knows, insiders have purchased more on market in the last 6 months than ever, and have loaded the boat with oppies in the last 6 months as well.
As far as what prices we might get to in Apr 25?
In Apr 24 we hit a peak of $0.097 x 525m SOI = ~$51m market cap
In Apr 25 we might hit $0.065 x 790m SOI = ~$51m market cap?
Remember we just issued ~265m shares at $0.054 in our recent capital raise, so there will be huge resistance/selling pressure between $0.054 and $0.065.
As always, all in my humble opinion.
Best of luck punters!
Last years announcements highlighted in light blue.
A projection of how we might trade in dark blue (keep in mind I expect us to hit the low 2c mark by Dec 25 if we don't hit exploration success, we don't pivot back to our 600k oz, or the market doesn't go bonkers in the spec sector).
