The stock could possibly move back to what it was (15c-ish) but it'd take a huge announcement or a good stream of positive announcements to start an uptrend. I've noticed shares being eaten up around 2c aswell, I actually grabbed some shares at 0.018-0.019 myself.
The stock is obviously undervalued, but no one is
going to buy in without being confident that others are buying in too. At the moment the stock just doesn't have people's attention. It just needs a little push. I think if the jorc shows that the value of the mine is decent, that could be the push we need.
Aside from that, the fact that the right to ownership of the mine has been paid off is pretty significant. The company has also spent a decent chunk of its revenue reinvesting back into the company (hence the big losses last financial year). IMO, the worst of it is over, and there is nothing really fundamentally wrong with the company, there has just been a lack of news and a lack of publicty. Hopefully onwards and upwards from here.
FHS Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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