I don't think it will. It dipped yesterday only to recover, There is a strong base now at 15c. The Dow falling last night means we wont see a lot of buying on the market as a whole but the broker presentation being shown around the country will be sure to bring new cashed up investors onto this stock in the coming days. I wont be selling even if it does, and the below figures show why:
Number of shares: 61,898,500
Current share price: 15.5c
Market Cap: $9,594,267.5
Cash in bank: $4,000,000 approx.
They also have a drill rig being prepared for a campaign in the current season May-October.
I don't think it will. It dipped yesterday only to recover,...
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