Gotta disagree with you on this one. MRE catalyst was only if there was new info, which there is not. Didn't even contain the new area and the large intercept from the last announcement. Not sure why the market should jump 25% on news that was released 3 months ago.
As for SP action, personally I think its more likely that its going to go fill the gap. I have a buy order sitting there for my next parcel.
Could it go lower? Absolutely but I will wait and see what the response is to the gap fill first.
You have pointed out numerous times about the slow return on assays, we are now pushing 8 weeks since the last announcement. You would think that'd be dropping sometime soon as well. If anything that's the one that would move the SP since its actually new info.
I would say the main thing people need to stop confusing themselves with is that red days are not WR1 specific. They are not, virtually all Li plays were red today and were yesterday as well. Li prices, futures and sentiment are still going to be the main anchor to all Li plays.
Could be the case like last years MRE but I think you'll find there are far more people that a happy to hold now because rather than being 50% down (as they were at that point in time) they are now 150% up, depending on when they bought. Alot easier to hold long when your not drowning in red and have been for months.
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52.0¢ |
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Mkt cap ! $112.4M |
Open | High | Low | Value | Volume |
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---|---|---|
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