Share
1,096 Posts.
lightbulb Created with Sketch. 90
clock Created with Sketch. 14/01/18
20:31
Share
Originally posted by ainsleym
↑
Yeh, agreed, and it does look like maybe the bottom (5c) is now established. Following the trades yesterday I get the sense that selling was drying up at these depressed levels. Given its a pip-trader stock the fact that there were periods where a gap developed between buy/sell and persisted for a while led me to this conclusion. Not yet seeing conviction buying coming back, instead I get the feeling its bottom-feeders scavenging up the cheapies at the moment and accumulating. Either way thats a positive. The change in top management has helped sentiment a bit I believe. Its a wait and see in this respect, but I hope for a more disciplined approach in regards the exploration effort ( for example, I hope no more fiascos like the Mulligan rock sampling procedure which on balance bore no real relationship to the better targetted historical bulk sampling (10% cobalt) and for that matter also the historical sampling undertaken by the Canadian Dept of Mines, again super-high cobalt assays).
Expand
Thank you, you've just cleared up a lot of the questions I had. It's appreciated.
