Amigos, Godolphin shares were spun off only a couple of months...

Amigos, Godolphin shares were spun off only a couple of months ago, so the chart may not mean too much, yet! (see below) However, we are waiting on the maiden drill results, and they could be announced any day. Also the loyalty shares are due to be issued soon. That event may be relevant to the shareprice - judge for yourself (I've copied the quote from Godolphin's spinout which was posted by @Sally_Will about 6 weeks ago):

Quote: "Additionally, it is intended that all Godolphin shareholders will be issued loyalty options on the basis of one free option for every three Godolphin shares registered as at 3 months following listing. Each free option will have an exercise price being the higher of 25% greater than the 5 Day VWAP 3 months after listing or $0.25, exercisable up to 1 year after issue."

Chart 1 (below): Basic chart of GRL's shareprice since listing in December 2019.