the price exploded after the announcement of the AEM survey results in the forest.
my view is that the market is looking for growth stories through additional discoveries.
IMO, it was obvious that the share price was artificially lower through manipulation prior to the MRE announcement given all the drill hole data was already public info. seeing the price rise from 650 to 980 in 3 days based on info that was public does not make sense. when i spoke to Alex at the AGM he was bemused as well.
but don't take my word for it, in the MRE webinar, these are words taken straight from Bruce's mouth regarding rig prioritization once forest access is granted:
but in the end, who knows what the market wants, as you say all they can do is keep drilling and pumping results out.
the price exploded after the announcement of the AEM survey...
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Last
$1.55 |
Change
-0.048(2.98%) |
Mkt cap ! $608.8M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.50 | $3.036M | 1.964M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 18167 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 2301 | 6 |
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| Last trade - 15.41pm 04/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |