Still uncertain?.
Yes, From a weekly perspective, no direction yet. For the week we finished flat at 1.2. Volume has dried up, its trickle down play now. It looks most buyers and sellers in a wait state.
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So we got ASX query yesterday. Honestly, it was not a good read. It should not have happened. But lets hope its bygone. Everyone is now resigned to the fact that the drill may do the talking. Its now clear that we need some good drill results. Whether it will happen, we don't know. What is in the ground may be revealed soon. Potential is not bad. Our market cap at $10m, not very high. Its more like a shell now. So any positive news should the sp greatly. Any negative news? Don't know, maybe one layer of shell will come off and it will remain a shell. I play couple of specs like this for a big turnaround and hold thru some downside, take risks. I am playing like that. Understand the risks. At this stage I feel we are still 50/50 on Coda, so worth a punt. That's my view, stock is playing weak, so please dyor.
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So what may happen next week? Results time from first assays, or some visible etc could happen. But sometimes some come to know before in this spec play. If we cross 1.4, that may be a signal. But we need volume, we need to cross 1.4. Till then it might be a boring stage here. If something good happens, we could see some fireworks. We have seen that before, and it can happen again - especially starting from the low base. Will that happen? Lets hope so. Enjoy your weekend and all the best.
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