I will be very surprised if there aren’t corporates sitting in the wings just waiting for some decent liquidity to buy a strategic parcel. They would have been constrained to date until FIRB ticked off and now the potential of some secondary market placement stock on the horizon would prevent them showing of hands yet. More drill results are probably due and some scoping type metallurgy must be around the corner.
This Wildcat Board has some members with an admirable investment track record, so I suspect the majority of their placees were close and may prove very sticky (despite a 1,000% return on their investments!). Jesse Livermore would no doubt be telling those very lucky early punters to let those winners run … and only cut the losers.
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