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clock Created with Sketch. 20/10/22
16:55
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Originally posted by Flexitime:
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It is interesting that they are putting out a presentation with an exploration target range of 2.7 to 3.8mio ounces addition. With a resource upgrade due in the next week or so I suspect they have a pretty good idea of what that would be. It would be very poor marketing for the actual resource update to be at the lower end of that range. Therefore I think they will come out with a decent upgrade. But....will it move the share price? That is the big question. In the past positive announcements have been sold into fairly aggressively. Looking at the price action over the last few weeks it seems there is a large seller out there who won't sell below 13c but is offloading above that number. Until they are completed this stock will remain weak.
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it’s worth noting that no one has been able to get the stuff out of the ground.
