Stock rarely traded below 20c after GFC except when they made...

Stock rarely traded below 20c after GFC except when they made the fateful error of issuing a placement to a certain Perth broker who had little interest in keeping said shares.

Moves before then above 30c were very quick and short lived.

Now, the spec market is hot and this stock has been overlooked....... well it will be until they start new drilling programs and firiming up the gold projects.... crap is trading with $30-$50M market caps.

I expect this is move like a rocket ship once the leftover placement stock is absorbed in the next few weeks.

I have more to buy and am being patient but outside of small down blips of stock it is hard to get below 12. I want to get more before the AGM next Wednesday. I am also told that the register has changed and there are a few larger foreign owners via one large broker who are buying.

Oh and options demand for the shortfall was massive I am told. The folks buying said options are not the type to buy at 2 and sell at 4c BTW.

Of course YMMV and beware of specs in general yada yada yada