Short term traders profit taking explains most of the 10c > 6c drop IMO. Since then volumes have been light, and the price movements have been mostly just the bots keeping themselves entertained (I'd speculate an insto accumulating whilst being careful not to push up the price). Recent news flow has been positive but not surprising, so no real catalyst there. The updated MRE and the deep drilling results both have the potential for significant impact... the MRE if it's bigger than expected (a moderate increase will be priced in already). If the deep drilling gets some meaningful hits we'll be flying!
XAM Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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