More than 200M shares traded in the last four days with no pull back in price. I think big boys are buying. The lab results are coming soon and the price action looks like some of the results 'leached' out. See this part of the announcement in 28 March:
The last paragraph is very interesting, right? Copper minerals were observed throughout the drillhole.
Also, see the photograph in that announcement:
332M shares traded in ASX on 28 March, with a total of around 550M shares including trading in Chi-X. That means more shares than the entire SOI of 400M (at that time) traded on that day. That is what made me to buy and I am still holding bulk of that. Went through the pain.
If the current price action is due to big end of town buying, then multiples more share volumes could trade when positive assay results will be out. Hopefully, the price will go higher than the previous high.
Just my opinion, not investment or trading advice.
More than 200M shares traded in the last four days with no pull...
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Change
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Mkt cap ! $3.763M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $1.523K | 254.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6399699 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 1173780 | 2 |
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