Share price closed at $0.26, hence up 13.0% for the day. Fantastic for Friday 13th
A total of 1,177,000 shares traded for the day - Four (4x) the 4 week volume average!!!!
The capital raise shareholders will be extremely happy!!!!
Next resistance pivot point is $0.28/share and then into the $0.30/share and beyond.
Obviously Chris mentioned the 2nd week of January 2023 the drill rigs will begin setting up for the next round of Porphyry Discovery diamond drilling using 2x rigs. Looks like people are accumulating ahead of any possible trading halt or visual mineralisation in coming weeks. I agree, the share price is significantly under-valued for the copper-gold resource SVY has identified to date (in the order of $2 - $3 billion) and the prospectivity of the region is wildly misunderstood by the market when compared to Cobar or Cadia regions.
I suspect next week, the preliminary news flow will begin such as updates on December regional exploration activities since the wet ground delays and the priority targets being focused on to vector into the top of the Copper-Gold rich Porphyry.
SVY Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
