Chart uptrend from Jul broken down and buy depth looking weak....

Chart uptrend from Jul broken down and buy depth looking weak. Not a lot of volume traded but sellers taking 200% profits from IPO taking out 'bargain buyers' pretty much daily. Buyers stacked at 5c increments look a bit contrived, I expect them to get taken out as AR3 heads back to 60c second support after moving through 80c first support.


It's all about the met imo, and I have to wonder what information they are sitting on. The first draft report for 6 out of 20 leach samples was received 15th March 2021. After working on these samples since Nov'20 and additional work from Mar'21 it seems implausible more results from the next 14 samples have not been provided to the company.

Of course, 'preliminary' results are not final market releasable results. Always lots of reasons why a company can hold back releases while preliminary results are re-run or checked for 'anomalies' before everyone is satisfied results are correct. The longer time drags on without releasing a metallurgy update the more it looks like results are 'unsatisfactory' requiring new, different leach tests to be explored... that's the way I see it anyway. More drilling is a side show at this stage.