Share
557 Posts.
lightbulb Created with Sketch. 91
clock Created with Sketch. 04/12/20
10:20
Share
Originally posted by JandJ:
↑
When people study their investment in REE they probably fall into two categories - those who were in before the current run on Cummins Range, and those who bought after the news ann of 30/9/2020 (Spectacular Thick High Grade ....... etc etc - which was of course true - 41m @4% and assays up to 25% TREO) The share price reaction to that news of 30/9/2020 is perfectly normal - it spiked up leaving an unfilled gap and (quite smoothly) retraced to the 50% level. (50% retrace would be 14c today - current SP is in a band 11 to 14c) these are just confirmations of the original price moving ann, without them SP would have sunk back to start level.
Expand
Think we are stuck in this band until WN results as can't really expect retail to clear this wall at 13-14c. Then as we all know could go either way pretty sharply.
