I hope some of you don't play poker because a good percentage of you are showing your hands.
Last Friday we closed at 4.4c. Today we closed out at 5.6c. We closed 27% higher than the previous week. Today we traded at 16.6M volume and had 1,067,671 shares traded at 4:10pm at 5.6c each.
Looking forward to next week, at the current stage, there's not going to be much stopping FEX on the sell side outside of 6c. If we break the previous high of 5.8c and have a good crack at 6c or if sell orders are pulled, we might run above 7c. The next big block of shares is 1m units sitting at 9.4c, ambitious but thats where we are all hoping for.
And to ice the cake, there's Metallurgical Testing, the updated JORC estimate and product offtake negotiations all aimed to be released in March. Can't help but to feel good about the next 2-6 weeks.
FEX Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held