EXR Trading 2021, page-28

Some nice line wipes again today. This is looking very reminiscent of our run up to 18c on 26 August. That run came off the back of high expectations for the various results from Nomgon II. The excellent results were expected (and delivered in true EXR style).

The price on 5 August was 8.1c.

The announcement of the results was on 20 August. On that day trading closed at 13c - a 60% increase from 15 calendar days earlier.

The share price bit its highest closing price on 25 August at 17.5c. A 34% increase over four days and a 116% increase over 20 calendar days.

Given the line wipes going on, and the big volumes we're seeing, are we witnessing people piling in ahead of the Contingent Resource being booked?

I'm not much of a TA person but if the same trajectory were to occur from 5 January to 25 January, assuming a closing price today of 15c (I see there was another line wipe as I was typing it would look like this:

5 January - 15c
20 January - 24.07c
25 January - 32.25c

That'd be pretty good to see