Mate, you're asking people to speculate on the SP based on nothing but guesswork. That in itself is fine for light-hearted chatter but if you're trying to get advice as to whether to buy or sell it's pointless. Every indication at present suggests that the SP will have to go through a period of consolidation after the slide back from an unjustified high water mark. How long that'll take or whether it'll go lower still we can't tell. Any announcement put out by the company will have an impact of course. If they were able to announce that Hole 19 intersected wide high grade gold - and I mean high grade over several metres, not 1m - then the SP could fly back to 68c in quick time. My own 'guess' is that we won't see anywhere near 68c again until a new announcement justifies it. There's no way I can see punters looking at our chart over the weekend and saying, "Oh, this has fallen a lot very quickly, so it's bound to bounce back by a heap this coming week. I think I'd better buy big on Monday."
MTC Price at posting:
48.5¢ Sentiment: Hold Disclosure: Held
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