Exactly.
I doubt that the current price rise is anything more than being a result of the recent surge in metal prices.
In fact on this day last year the stock closed at $0.24 & closed out the current week last year @ $0.26.
When you factor in all the recent drilling & the current metal prices compared to October 2020 ( substantially higher now ) then it is very easy to see that the price has actually gone backwards. That is also due in no small part to there being a 40% dilution in the registry since March this year alone.
The price is still below that at which the last capital raising was done in March 2021 ( $0.265 )
Of course management would probably say that the company has a higher market cap now. But unless one keeps on pouring more money into this & takes up every issue or buys more on market than it is meaningless
Hardly a bunch of stats that anyone would want to shout from the roof top.
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4 | 141518 | 0.100 |
1 | 18036 | 0.099 |
2 | 61000 | 0.095 |
2 | 30111 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 95099 | 2 |
0.120 | 73824 | 1 |
0.125 | 2517 | 1 |
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