Today's trading seems apparently involved in bigger players as well, imo.
Since announcement on 27th Sep, I have felt somewhat artificially squeezing at the closing market
using several sell orders of 50,000 unit for last days. But it might be by some accident or coincidence.
Regardless, it is always feel-better whenever SP goes up.
Since exit on last 6th of June, I honestly do not know what has happened indeed in the Company.
If I try to find reasons on current exciting events (phenomena) on the company:
1. photo of fig.3 clearly shows that there must (or almost likely) be existing main lode(s) or sourcing body(ies)
or main ore(s) or -like somewhere.
2. above possibility can be supported by contents of the following as posted by PeterPlus; It is reasonable to compare these, specifically noting Minotour's holes are yet to be assayed,
"BHP’s first drill hole VO-DDH71 testing the ‘Eloise North’ EM conductor in 1986.
That hole intersected a patchy pyrrhotite-chalcopyrite veinlet-stringer zone containing low-grade copper,
averaging approximately 0.1% across the zone, with a maximum copper assay of 0.51% over a 3m interval.
The hole provided sufficient encouragement for BHP to continue testing local EM anomalies, leading
to discovery of the Eloise deposit only 300m to the south, the following year.” (p2)
3. It can be also supported by company's actions of more focusing on Elises (with Electra)
by follow-up drillings and divestment of Chemeleon's gold asset.
4. Before releasing market announcement on 27th of Sep, it has put TH for several days.
This also indicates that importance of drilling outcomes especially the significance of above DC drill core fig.3, imo.
Without any significance, company usually won't hold so long in general.
But all these are my personal views.
As usual, anything can be happening in the market.
Regards,
MEP Price at posting:
13.5¢ Sentiment: None Disclosure: Held
