Must say I am a little disappointed in price action.
I really like management, and the resource potential, but the way the SP has traded concerns me.
It IPO'd and doubled (ish), went to 66.5c, from what I saw was good amount post float support that caused this, probably those who got shares in IPO, usual post float buy more, see how high can take it.
I think market realised it was overdone and as we headed into June the usual sell off occurred (call it tax loss of tax tp), causing the SP to go back to close to list price. Happened in a lot of other junior explorers, nothing strange there. IMHO they should have held off IPO until July.
What concerned me was the price action just before last announcement. Someone knew, took it to 40+c, and then dumped it.
I have today closed out my holdings and will watch it.
Like I said, like management etc., but think might drift lower now, until next announcement.
DYOR + GLTAH.
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