Well, we needed the tree shake the past 2 days to get the...

Well, we needed the tree shake the past 2 days to get the consolidation day today. Looks like we are now poised at a solid support level around 14/15c, which funnily enough was the peak of the previous spike. There are limited shares on issue thanks to managements small and careful first raise (just enough to cover the current exploration campaign). This means that certain traders have now finished offloading some parcels, and some are now free carried as many posts in these threads are communicating. This means the sell side is now starting to dry up and consolidation is in progress.
All we need now is a decent operational announcement - This could be many things:

- RC drilling summary of geology and findings since the RC program likely to be very close to wrapping up;
- IP survey summary report, with redefinition of existing targets or potential new targets;
- Diamond drill hole 1 assays which are due at the end of May; and
- Further news on Avalon permits/drilling dates.

If we were expecting a capital raise right now, the share price would have been capped for the institutions to get their best and lowest capital raise price. The fact we had a decent green day today tells me management are going to await further news for the capital raise at a much higher share price. The way they structured the initial raise tells me they are very careful and aware of this and will organise it to benefit current shareholders IMO.