Depends RachelRox, there is still a fair bit of SP manipulation going on but I would say the extension will generate real confidence that WDS really have identified some good targets for the first drill next year, enough confidence to commit (unofficially) with PCL to the extension of the permit.
Retail investors probably won't pick up on this yet (unless they read HC haha) but we should see some SP activity generated through brokerage houses and investment advisors as they broadcast to their client bases.
The big splash will be the official announcement that WDS are running with the farm out option. That should get some (hopefully allot) media attention and agitate a wider range of retail investors to get in on the action.
Long answer but I will expect to see up towards 4-5 cents at peak then settling into low 3s and then when the official announcement that WDS are onboard I would expect the price to tip over 10 cents but that will very much depend on how much media pick up it gets. If thats significant it could go a lot higher.
This obviously can be impacted by manipulation but that will be harder to achieve as we get further down the timeline and awareness grows.
Still some unknowns but its looking good and getting close to crunch time.
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Depends RachelRox, there is still a fair bit of SP manipulation...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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11 | 3134790 | 0.015 |
28 | 11332793 | 0.014 |
16 | 5396153 | 0.013 |
6 | 1895832 | 0.012 |
5 | 885272 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 3131004 | 9 |
0.017 | 6175706 | 8 |
0.018 | 6232228 | 9 |
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0.020 | 1575002 | 7 |
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