Price rise due to "short covering and retail buying" ???
I don't think so.
Up 13c for the day on a turnover of 2.3+ million shares.
Next stop $1.80 .... and we can only speculate on the reasons.
Either it is grossly oversold based on its tantalum and gold assets .....
Or ... it is in a predator's takeover sights.
The rise has been too protracted and on very strong volume for it to be simply "short covering" or "retail buying" (whatever that means).
There could be a company announcement .... or an ASX inquiry into the price rise .... soon.
SGW
sons of gwalia limited
