PTN 3.70% 5.6¢ patronus resources limited

Ann: CGP Mineral Resources Estimate Increases to 1.23Moz, page-7

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  1. 4,663 Posts.
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    I was hoping for it to get past 1.3 m Oz but it is building and time to tread water again for a bit. Not many interested buyers and a couple of disappointed sellers but of note is the 500k waiting for sellers at 10.5c.Mention of the September quarter upgrade kind of gives one the feeling that there’s no rush to get more shares any time soon which might stagnate any SP momentum unless AM gets to pinpoint a major find in the near term. If the POG keeps on an uptrend I doubt we drift below 10c but not ruling it out as some holders might decide they can use the money better elsewhere for a while but that’s probably only in reference to short term traders and I don’t think there’s many holding Kin.One major new target is what we need to move on from here IMO.
 
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