Hi johnyb26, your analysis of the recent events accompanied with the chart provided sounds pretty fair to me, I think there are many watching this stock atm because of the potential upside that management has initiated.
The volitility of DKO is a sign (imo) of bullish management, these people are making it happen, they've secured a number of good sized tenements in prime positions, discovered great potential of what lies beneath, raised a decent amount of funds to continue a bullish approach and even secured an opportunity to explore in the European arena, and now we await the hopeful news of a maiden resource to be verified.
Should this maiden resource be realised then surly a return of the sp to 20 cents (at least) shouldn't be to much to expected.
If a maiden resource fails to be realised (in the short term) then management still has plenty of funds to continue in the same approach to achieve the expected objectives , which to me retains the sp value of around the 10 cent mark with hopes of spikes and surges as the lithium industry continues to gain momentum .
DKO Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held