Pretty standard intraday movement after such a great announcement.
Gone against the grain of the last few that have sold off for a few days before the ascent.
This time around, we were able to hold the gains and continue up the next day. Traders who bought in on the announcement will all be in the green but will have stops in case this goes down. I believe that we will see them slowly exit, then once they have been churned this will slowly continue its rise.
We hit $15 recently and since then we have had a 40 mil placement, and two rounds of stella results.
They few times I've commented on this forum, I've always said the same thing. Literally the easiest hold in the ASX.
How this isn't in the B's MC range is actually baffling.
Wouldn't be surprised if this 100%s on the day of the MRE release, purely because people are too lazy to put all these results into a spreadsheet and workout the tonnage.
- Monster resource
- One of the best and proactive management teams I've seen
- Resource in high demand with low supply.
See you all when we hit $30, not financial advice of course
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