Agree with you both here. The owners of those 8.8 million shares, purchased at 10c will be looking to cash out for a small profit and buy back in after the dust settles.
The way that the market is at the moment towards the resources sector, i will be sitting and watching.
I could be wrong. There is 2 weeks to go before the IPO closes.
Chalkos Metals Copper projects next door to The Glencore Mount Isa operation, page-22
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