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I would expect a strong move higher on a positive BFS.The reason...

  1. 7,611 Posts.
    I would expect a strong move higher on a positive BFS.
    The reason being simply , that there are current holders , who know this story very well (including 'yours truly') who have smallish positions but intend increasing exposure post-BFS.
    If it transpires that the stock does not move up on posuitive BFS then ... great , we can get set around 10c.
    However I would expect 15c first target , a the stock is very tightly held and , as we have seen , any orders around 500k ($45k) can move the stock 1c easily.
    Now , assuming the BFS shows a NPV of say 70c/share (which I fully expect) , then its hard to see the stock getting sold down imo.
    Remember , a NPV of 70c/share , independantly and thoroughly researched by Lycopodium Pty Ltd , would be very hard to ignore by the market in general , and of course will blip on the radar screens of SGW and other Tantalum players worldwide.
    Expect huge press in the UK also , thats where the share price will take its lead imo.

    Cheers,

    SALTY
 
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