Maybe. I'm more interested in the pattens of CWX.
Sept 2020 - $6m cap raise @ 20c
OCT 2020 - Exploration presentation released SP doubles
Feb 2021 - Share prices drifts back to 20c
CWX presents at RIU Conference in Freo
March 2021 - Drill results released Sp hits 52c
Price then drifts back to 20c over the next few months due to lack of significant news.
Nov 2021 - CWX raises $4.9m @ 18c
Feb 2022 - SP drifts down further due to lack of news, allowing punters to buy in cheaper than the sophs.
CWX to present at RIU Conference in Freo
Will history repeat itself here?
I'm betting it will. CWX chart pattens suggest a rise is coming soon.
I like the latest tenement application surrounding the old Rooney's Gold Mine in the Pilbara (E46/1408). I found 3 oz of gold in some of the gulleys when detecting there for a week in 2019. There is also copper in the area. I have a nice native copper rock specimen found a few km north of the lease.
It will be interesting to see if Dave mentions the non jv Pilbara leases in the presentation. I would expect the company to jv these out soon rather than spread their resources too thin.
The BCA manganese jv hasn't yet helped the CWX sp but a new batch of results must be due soon as BCA has just completed a round of drilling at the Flanagan Bore project, with the first 20 holes out of 168 released the other day. An updated MRE in the coming months should have a positive effect. Other exploration by jv partners and CWX 100% held projects should also keep the newsflow coming.
Rarely do the sophs lose. They got in at 18c and will be looking for an sp increase to bank their profit soon.
All just my opinion.
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