This has to be one of the best charts I’ve seen in a while for a speculative stock tied to an acquisition and capital raise.
There’s no sign of a pump and dump here—this looks like a classic soak and hold.
I won’t pretend to know the full fundamentals of the story—I’m not a geologist or an expert in mining—but it feels clear that there’s more going on beneath the surface.
If you read between the lines, it looks like something much bigger is unfolding.
The on-market buying action from a director is particularly striking.
I can’t recall seeing that level of conviction before—more than doubling the price above the capital raise.
Any stale holders or loose supply seem to have been completely absorbed, and the register must be extremely tight now.
In my view, this is definitely a story worth following.
MDI Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held
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