Between late Jan through to April the chart looked like it was in a nice holding pattern indicating to me it was being accumulated in that 1.7c-2.2c range . It has since shown a very bullish move breaking out into that 3c range with a May high of 3.5c on a (volume of around 18-20mill that day if my memory serves me correct).
The company has great exposure to the bull CU market with its tenements in the world class Kalahari CU belt in Botswana and also Gold/Cu targets via its Horse West aquisition. There is also monetary value in those Botswana tenements if the company wanted to flick them to a suitor and this could be a possibility as it seems to be very sought after ground if the takeover of MOD by SFR for 169 million $s in 2019 is anything to go by .
Reading between the lines and looking at the Virgo Arc transaction it looks to me like the company is attempting to divest some or all of its CU tenements and move on to another play which leads me to believe something is the wings which has driven the accumulation.
Based on this IMO a serious move north is on the cards . Gltah
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Mkt cap ! $2.019M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
0.3¢ | 4206347 | 6 |
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25 | 96873049 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 4206347 | 6 |
0.004 | 9289818 | 11 |
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0.006 | 5467123 | 7 |
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