Hot money that came in chasing the break / pump looks to be...

Hot money that came in chasing the break / pump looks to be flushing back out now the recent news / potential short term catalyst has been released.

A close at 1.9c or better will be key to sustaining the recent break higher. Failing this we can expect a level of consolidation back in the 1.6c - 1.9c range prior to another look back into the 2's and beyond.

Company recently completed a fund raise / recap of the business when this asset was acquired. Should have ~$5mil on the books, certainly enough to deploy in order to add tangible value in the short term.