Why would anyone sell their PCLO at 1.1c when the sp is one pip away from hitting a 52 week high. Yes there is a bit of resistance at 2.5c but the sp should easily run to 3.5c once broken. When WDS decide to go ahead which is pretty much a given most likely it will run to the 4-5c region. Sp should break the 3.5 resistance level upon news of a farm in. Obviously the big run will be determined by a successful first drill. All going well I think 20c is a very realistic and conservative sp target after a successful drill campaign. Clearly the gap is closing and there is no going backwards from here.
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Why would anyone sell their PCLO at 1.1c when the sp is one pip...
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