I think some are trying to get fancy and sell out at 0.004 hoping they can buy at 0.003 into gold weakness. Too risky to try play games, could get caught out with no stock, especially when you're going to trigger forgoing a 50% CGT discount for shares held longer than 1 year as an individual investor.
The funny thing is gold has pulled back under 1200 ( which I don't believe will last )... Yet there is strong accumulation going on here at 0.004...
Market starting to recognise the next big exploration play on the asx (soon to be cash backed with $13m AUD + Resolute backing + new board member from RSG)?
The cash coming in from Shambesai sale and VGP update alone is enough to double our share irrespective of general gold price action. That's why I love explorers like this, and remember VGP is supposedly an advanced exploration project.
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