AJM vs PLS, page-669

I'm not a big believer in Gap Theory however you're looking at an exhaustion gap.

http://www.investopedia.com/terms/e/exhaustiongap.asp

The SP has run from a single cent to $0.07 yesterday on no news whatsoever. The company itself through the price and volume query confirmed that the increase in SP is speculation and on the back of PLS announcements. I agree that based on the pilgangoora resource the potential for a substantial re-rate is there however management have provided no evidence to justify. It's only reasonable that momentum will flow both ways as there remain many unanswered questions.