No chance. $4m in the bank though. Drop down to 13/14 is very likely.
Their is resistance at 18/19 still and above that. yesterday's volume of 614k was small and bearishly, she opened at 18.5, touched 19 and closed at 15. The 829k volume was sold into with a vwap of 17.01.
Unfortunately, from what is known, you've had your spike.
I don't want to be the bearer of bad news but she is well over priced. Currently, you have an undil. cap of approx $23.9m. QOL's market cap is $23m and they have approx $12m + in cash.
Nowadays, off takes don't mean that much and that is right across all the tungsten/moly plays.
THR Price at posting:
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