yeah barely any volume, the downside of a stock with little...

yeah barely any volume, the downside of a stock with little shares on issue; having only 82m of which at most 40m might be free-float but seems given most days barely sees 1m shares, like today only 668k...it's likely 90% of the stock is tightly held. Broker data has shown it's really just retailers with Commsec and CMC trading the most volumes for the past few weeks selling and buying to each other back and forth.

Only takes one trader who's impatient and wants to move on to something else to sell down, trigger one or two other traders and with $40k worth it's back at 20c....that's not even pocket money $40,000 but it is a normal size for a retail trader. Get 2 or 3 of them getting impatient or stops triggered and you get a pullback in price for no fundamental reason.

$16.4m Market Cap with about $4.5m in cash.

If you wanted to build a position that's even close to in-country manager Sandrol who has 6,000,000 shares (3m escrowed) you'd take weeks, even to get 1m of shares or 500,000 you'd have to take time to accumulate or risk causing the share price to spike. 360,000 shares in one hit now would take things up to 26c and be around $90k only and a $21m market cap at 26c.

Managing Director has flown over with the company's Chief Geologist as well, with the start of the bulk sampling and noted that preparations are underway for the upcoming drill program with anticipated approval of the drilling permits at any moment now.