Why ? because this is the point where those that participated in the in recent Cap raise will stop selling (as they make a loss below here) ... Its a Logical resistance point, 20c (Give or take a tick) should become the new floor price for the stock and should underwrite a new move to the north once we have rid ourselves of the weaker holders perhaps a few days. It will have serious difficulty progressing below this area IMHO...
In fact in 90-95% of stocks in the aftermath of a Cap raise, if you can buy at or near the recent cap raise price, then you will have attain a good entry.
This assumes that's the high Grade drills results will continue. Which I expect they will... probably announce the next drill results early next week. It would be a brave (or foolish) person who would bet against DKO developing a mineable deposit with PLS Monster Deposit metres to the SW and current high Grade Drill and grabs from Central and multiple high grade grabs from sever square km's nearby of outcropping Pegmatite ...
All is IMHO of course
PS: Also keep in mind that in a few weeks DKO will embark on a Very intense 2nd phase drilling program... Expect +ive news flow months into the future here.
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- Expect Strong support at 20c...
Expect Strong support at 20c...
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