You all need to remember that substantial placement holders got in at 8c.
Putting all news aside, there’s no wonder they’re taking profits. 2+ bags over a couple of weeks.. laughing. It just takes them a bit longer to get the liquidity to sell into. Looks like they’ve been really set around this 24 level, which is bang on 2 bags for them.
The risk for us peasants is in the results. Fingers crossed they are solid. We have more placement stock being released later this month, and no drilling until the wet season ends. Weak results could see us float back down until new results over the coming months.
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