fwp,
As we speak, 200 odd k get sold down as usual but it is Friday arvo after all so not a bad effort on the day. Up on the escalator, down in the lift I always say. As long as it can creep up, I'm ok.
Agree that 60c for a t/o is dirt cheap for a 200k producer with potential for much more plus exploration upside. I reckon they just want to get this quarter out of the road with Murchison put behind us and move on. It's nearly the end of May now would you believe and maybe they've got some sort of a handle on how the cash flow from just Mt Monger is going.
Buyers back at 39 again now and if the above is the case and it's positive, we could see a bit of tension coming into the stock between now and the next quarterly.
Cheers,
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