The recent run up of SP is not that difficult to understand if you've been following the ASX reports.
The company has just consolidated it's portfolio of assets by selling off Gold Links which had a higher cash burn than anticipated, for an all in price if you take debt facility transfer to MW into consideration of approx A$29M. They can also bring forward the performance payments for a slight reduction if they choose, maybe to fund further Collosseum drilling.
On ASX Ann 6/6/22 MD Stephen Baghdadi said of hole CM 22-05
"100 metres of 4.16g/t Au is a great result and is amplified by the fact that the highgrade sedimentary breccia unit returned results that prove the continued grade at depth. Historic drill logs state that the sedimentary breccia unit is still present over 600m below the bottom of drill hole CM22-05 and is open at depth"
We know that current drilling has commenced a while ago to test extensions outside the existing Jorc measured shell/Model with management 'encouraged' by visuals with assay results due any time soon.
Then there's the REE potential to come as well.
If we see anything similar or better than the 100.6m @ 4.16 g/t Au, I would expect the SP to light up, so no the run up in SP is probably a result of positive sentiment and drilling expectations , not cynical conspiracist theories.
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