General comments/chat, page-15223

To be honest I'm actually surprised and impressed by how well the SP has held up and here's my reasoning.

Looking at the timeline of a mineral discovery we're pretty clearly in the so called orphan period right now. From what I understand generally this is a period where the SP has a bit of a drop as speculators lose interest while waiting for feasibility studies and mining approvals etc, after which the instos start to get on board which then drives the SP back up.

I think because we're looking at operations being only 12 months away and the whole thing being fairly derisked at this point (as far as specs are concerned imho), lots of us are willing to wait it out and at the same time instos are starting to take positions a bit earlier than usual and they're soaking the shares that bored retail is giving away. I still reckon we'll be stuck around these levels until the approvals are granted though and then it'll be lift off and who knows how high it might end up.


Anyway that's just my 2c, GLTAH DYOR etc etc.