PNN is an illiquid stock and in the speculative sector. deadly...

PNN is an illiquid stock and in the speculative sector. deadly combination when buying support ceases and the stock is still in profit for some. Hence people will sell down as still in decent profit or due to key technical breaches. It is in oversold territory but with RSI and stochastics, it can linger at these levels. there is a gap at 3.6 (which I never though we would come back so quickly to fill). this apears a formality. then we have the next support zone 3.2-3.4 before we look at 2.8-3. Blasted through fibonaccis is reliant on technical bounce as volumes have been persistent - 12 mil (ASX & Chi).
These are levels we expect at pre-drill - Rincon is still awaiting further investigation and Pular is currently drilling - was today the capitulation or tomorrow? Need to c volumes dry up and some basing pattern to form.
The issue was not timelines imo - the issue was they intentionally or unintentionally misled the market - trust has been lost with the december/January shenanigans. The imminent release, then the delay, the the non-delay of hole 2 then the camouflaging of hole 1 in 2 inferring the delay was a tactic not a certification issue as this would have also applied to hole 2 if one follows a sequence (hole 1 was delayed, so should hole 2). The reults they have no control over - it is promising but will need extensive follow up to ascertain economical scale.
Pular, small tenement but possibly improved by the 2000 plus ha that is yet to be granted (It would be handy if we had an idea where on the map this tenement is). the holders have been discouraged by the lack of transparency imo and lost trust in management. It is now hard to accept any observation of the curent drill like holders fell into the hype of the rincon drill phase. Holders and the market imo will instead wait for results, which if good 450 plus grade at pular at over 135 m thickness and optimally open at depth, the sp could move back into the 40 mil mc range as we await surveys of another salar and progress of Rincon. An update on salinas grandes will also be important.