Not sure why the logic of the resource being larger because the landholding is larger is ridiculous if “The resource is open in all directions:” Direct Quote.
Fibbo suggests that 8 cents is possible – but with RIU next week and it being May, any retracement may be brief. Friday's gappy drop close at 8.6 with a much higher VWAP could reflect typical Friday trader cleanouts. Maybe. Thursday had some interesting off screen action too. The spread of 0.085/0.094 at the moment is setting up for an interesting Monday. I think your fibbo targets were 10,13, 20 and 31– don’t disagree.
Stocks can run on blue sky, new interest, large player moves, FOMO, awareness, momentum, industry positioning or TA, not just beating expectations.
Will be an interesting week...GLTA and DYOR
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