It's hard not to see this pushing higher from here leading up to the commencement of drilling.
Only 12M shares were issued in the placement and today's turnover was in excess of 8M, so if it was placement holders they will run out of ammo very soon.
It might have been capitulation selling by longer term holders, however this seems very odd given drilling is due to commence in the next 4-6 weeks and the market cap is pretty much at rock bottom.
Excellent risk reward from here in my view.
Here's hoping I get a similar reward to my last goldie effort - BBX.
