Ordinarily I would agree with you Cheeky. Am seeing lots of pump crews back in action, albeit off ridiculous lows - the resources sector has been the worst of the worst for the last few years.
However, this does look interesting. I read it as a technology play rather than a resource drill out, in a growing thematic (recycling all the waste left behind by "renewables" and dual-use ex China minerals). I expect the thematic will keep luring new punters and strategic investors with the prospect of a new MOU or partnership. And now they are open to the US capital markets, which opens them up to some serious money.
The Board are well connected WA types, and unlike other juniors the CEO has some serious pedigree - ex Outotec President level, internationally experience, looks strong commercially and technically. He's already been broken in on the junior market so has eyes wide open, and didn't retreat back to the safety of a big corporate gig. Would have done his DD before getting in balls deep to this.
And they are optioned up to 25c, so its unlikely to see them in it for just the short term pump as you are suggesting.
While I'm not rushing in, mainly because I'm underwater elsewhere, I certainly wouldn't be betting against it.
You seem to be one of those guys that I'll regret following.
MTM Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
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