as I said yesterday, consolidation is needed. When SP shot over 20c it was an overkill anyway as it was driven by small speculators and momentum chasers who will sell the moment SP falls 2c and then accelerate the selling as they pile in to exit.
Also be aware some warrants and options have been converted by employees and management (if I read the ann right) and some will take profit and sell into the higher price.
Now we will need to see more strong assays for SP to move higher again. It can be driven higher on the back of some geopolitical development too but strong assays (higher grades and wider intercepts) is my preference as in that case the deposit will be viable under any scenario.
Just remember SP more than doubled on the back of the results of 2 really good holes.
as I said yesterday, consolidation is needed. When SP shot over...
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1.4¢ |
Change
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Mkt cap ! $11.06M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 630000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2788480 | 8 |
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| REE (ASX) Chart |