Sometimes you can pick how the market will react, and sometimes it's a bit harder......
Easy to predict that CZI Cassini Resources would get dumped on the news that their West Musgrave nickel copper project (JV with OZ Mineral) is viable , and will be progressing to a Pre-Feasibility Study over the next 18 months. Down from 0.125 to 0.069 over 3 days.
LRS had a lot of volatility and hype which drove it from 0.003 to 0.009 over 2 weeks.
TKL is a bit harder. Went from 0.05 to 0.073 on Friday. The forum was pumped. Whispers they might have pegged some land north and south of the G88 land. The Joint Venture with Galaxy resources - started exploring for lithium bearing pegmatities next to Mt Caitlin - OMG could be anything. Then at the end of the day it dips back to 0.063 and goes into a Trading Halt. Mumblings they only had $600k end of last quarter - this might have been a pump for the much needed cash? Is it results for Latitude Hill - good or bad - leaky ship? Then finally, a speeding ticket with an answer I don't think the forum was quite expecting....licence applications being contested:
Aahhh....the world of species...got to love it!
My question given the discussion over the weekend, is if you trade full-time, how much of your trading is still in the world of speccies?
