The broker who got the placement stock has obviously decided to lock in some profits. Not so long ago the stock was trading at 17c and only got to that level because of some very good drill results. Before that it was basically unloved at 10-12c.
The report by diggers and dealers obviously helped them to quickly get to the mid 20's.
The next bit of news as far as drill results goes is obviously critical. Everyone is expecting great results.
If they don't quite match the previous batch, that placement stock will be looking for a home quick smart at lower prices I'm afraid.
Those who took the placement stock are obviously not willing to wait for the next batch of results.
How does it go ; A bird in the hand is worth two in the bush!!
This could prove to be a great story. They are in the right area no question and they now have enough money to see them through this drilling progam.
But as I said earlier, the next drill samples are the key.
Alot of expectation has been built into them being good.
Let us all hope they are.
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