HI Danishjeeva,
IMO, its just a dreadful chart. Its in a down trend and we are entering into tax selling mode. last raise at 3 cents plus oppies , market reckons discount to 2.6/2.8 and hope to pick some at these levels. It is however responding to the latest results and has tried to break out of this down trend. Golden ridge is littered with old workings/mineshafts, which literally just scratched at the surface of this gold system. They are the reason Flynn gold are here , the historical data was just too good to ignore. Now with modern technology Flynn have identified a zone of about 2.5 kilometers to drill and test, with the focus now being around the Trafalgar zone where we are getting these stellar grades. Flynn did not get here by accident, a lot of money has been spent to get to this point. It would have been nice to hit this zone in the early days but that's exploration for you. Flynn IPO was at 20 cents, currently @ 2.8 cents , so people buying in now will have the benefit of all the knowledge/work that has been undertaken over the years. The recent pop in volume of shares traded and SP is because it is starting to look very undervalued and is appearing on peoples radar. Next set of assay results can drop at any time , if the modeling holds up and they intersect the lower vein showing continuality with similar high grades. Then we can have greater confidence in the teams ability to model and find more of these high grade veins.
All IMO and as always DYOR
Regards
FINN
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