FFM 1.43% $1.07 firefly metals ltd

Ann: Trading Halt, page-75

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  1. 458 Posts.
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    Hi mate. Firstly, I'm no expert but happy to share my thoughts.

    Obviously, very irrational s/p reaction to an increase in the POG. I dare say there's some impatience knowing that above 8c many 'instos' from the recent raise could dump for an instant profit. I dare say many have already. This process can take some time unfortunately & reflects why CR's are frowned upon. Historically, larger cap producing miners are the one's that experience meaningful s/p improvement when the commodity it produces is surging. Small caps explorers can lag. Stay patient - very thin back to 8c and could pop on a heavy investment above that.

    I'm trying to unwind another position to enter AUT. Thought I'd missed it so am also surprised to see it drop in s/p. I wonder if there was any geo political concerns in Canada. I doubt it - historically a very safe bet.

    The combination of AUT getting closer to production & the POG further increasing should result in the share price responding accordingly.


 
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