I agree with the BOTs being active. Are they really accumulating...

I agree with the BOTs being active. Are they really accumulating for a large player or just day trading/short term trading for a few gains?

I think overall that resource drilling does not excite the market much, it wants big price shifting discoveries. DeGrey has sat still as it proves up millions of ounces of gold for example, a sniff of a mine plan and finance and it may change. Copper price has not helped us much this year and people pay far too much attention to daily prices rather than longer term supply/demand that will have more influence on Carnaby given where we are at.

Overall it is the kind of share fluctuation and lack of big moves up I would expect during resource drilling, new discoveries or big extension step outs are required to step change the share price. The JORC will be a good tonnage and I am hopeful for an impressive grade because this will demonstrate the possibility of robust project economics even during commodity price downturns.

DYOR. Not investment advice, my humble opinion only.