A small correction/consolidation was bound to happen at some stage, I've been prepared for it and i'm not unhappy about it, it's healthy. As I may have said on another thread the MC and Li sentiment need to be taken into consideration. The current MC imo has some drilling success built in, comparing it to Wildcat's present MC is a good place to start.
The other important consideration is the inverted H&S pattern that has played out, the target price was circa 0.048 pretty much bang on where the profits started being taken. We may see a 50% fib retrace, which will take us back to that gap, however i'd be very surprised as I'd expect the buying pressure to kick back in heavily around the 0.04c mark.
Anyway, nothing has changed fundamentally imo.. keep up the insightful posts and research and don't be disheartened by one or two red days.
A small correction/consolidation was bound to happen at some...
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