Charts & TA, page-220

Market Behavior – What the Tape is Telling Us

Across multiple Level 2 snapshots and intra-day activity, MI6 has displayed the following:

• Extremely thin buy-side depth — often just crumbs on the bid.
• Stacked ask-side resistance at 14c, 14.5c, 15c, 15.5c, and 16c, seemingly refreshed by algos.
• Sudden, large-volume trades hitting bids, but with no follow-through selling.
• Persistent range-bound price action despite no negative news or market selloff.
• 10.4M shares moved in two seconds (10:20:46–10:20:48 today) — unlikely retail action; more consistent with institutional gamesmanship or liquidity resets.

This behavior is not random. It aligns with classic pre-catalyst accumulation or suppression strategies used by smart money. Either they’re quietly positioning — or managing exit for others while maintaining price stability.

Tim Goyder’s Playbook in Action?

Tim Goyder’s past companies have all followed a similar script before major re-ratings:

Chalice Mining (CHN)

– Pre-Julimar Discovery

• Traded sideways in the 15–20c range with large ask stacks
• Thin liquidity on the bid
• Very little interest until the Julimar PGE hit — then surged 1,000%+

Liontown Resources (LTR)

– Pre-DFS/Offtake Phase

• Capped at 35–40c for months, despite high-grade lithium
• Algo-controlled ask walls
• Price exploded after institutional backing and DFS release, hitting ~$3.00

DevEx (DEV)

– Pre-REE/Uranium Rally

• Thin volume, capped upside, no attention
• Quiet accumulation under 20c before a run to 60c+

Now MI6 — with Goyder again behind the wheel, fresh capital, and a significant project — is showing the same pre-breakout DNA.

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Company Fundamentals – The Real Foundation

MI6 isn’t just a speculative shell — it’s backed by serious fundamentals:

• ✅ Bullabulling Gold Project (acquired for $166.5M from Zijin’s Norton Gold Fields)
• JORC 2012 Mineral Resource: 60Mt @ 1.2g/t Au for 2.3Moz across multiple deposits
• ~80,000m drilling program underway — targeting extensions, infill, depth
• First assays released 4 June, 51 holes pending (turnaround ~3–6 weeks)
• Updated MRE expected Dec 2025
• Fully funded after $220M capital raise (no need to dilute near term)
• Gold sitting above A$5,000/oz, making even modest-grade projects economic

If Bullabulling grows to 3.5–4.5Moz (likely), MI6 could re-rate substantially — especially with WA location, infrastructure, and a clear development runway.

What This All Means

• The current tape behavior is not panic selling — it’s controlled, deliberate, and likely strategic.
• History shows this exact pattern preceded major re-rates in CHN, LTR, and DEV.
• With assays imminent and the MRE upgrade timeline fixed, MI6 is approaching an inflection point.

Final Thought

If you missed Chalice at 20c, Liontown at 30c, or DevEx at 15c… MI6 at 15c is now setting up with the same ingredients — backed by Goyder, funded, drilling, and coiled for a move.

“Markets are designed to transfer wealth from the impatient to the patient.”

— Warren Buffett