FFM 0.00% 76.0¢ firefly metals ltd

AUT General Thread

  1. 3,597 Posts.
    lightbulb Created with Sketch. 724
    Just some thoughts…I guess many of those entitled to the 2.5c SPP have already, or will soon, cash in a few above 3c if they needed the cash to participate. Probably thus some downward pressure on the SP. However new buyers keep stepping up to hold it above 3c.
    It is rare, in my experience, for the SPP not to have retraced back to the CR price of 2.5c. The copper -gold aquisition is indeed a major change in AUT’s profile and with Bellevue written all over it the market interest is understandable.
    The SP will probably remain choppy until the CR and SPP effects wear off around early November. In the meantime fossiking at Siouxx and continued exploration at Pickle Crow together with first drill results on the copper, off- take developments and other potential announcements will hopefully see further boosts to the SP throughout the end of 2023.
    Over on the AUT Chart thread there is unfortunately more « opinions » than quality Technical Analysis. But I hope good TA posts appear in time.
    AUT has an interesting and likely bright future ahead.
    FOX
 
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