IMO 15c is a fair retrace on the A238 news so far with the added wildcard of REE's. The news flow in Jan is likely to be better, considering the U values and widths in the CPS sections just released, so a full retrace to 20c is easily on the cards once the assays confirm. $116m market cap is not expensive for a prospective U developer with REE..
Also, volumes in London have been what +30m? in the last 10 trading days. Too much for your average mug punter, so we must assume some "astute" buyers are back on board.
So, given what has recently occurred, i'm comfortable we are not in bubble territory yet.
FTE Price at posting:
14.5¢ Sentiment: None Disclosure: Held