Hmmm, It seems Mr Igo has done ALL the recent buying which has...

Hmmm, It seems Mr Igo has done ALL the recent buying which has moved the stock from 8 cents to 40 cents. As soon as the buying stopped the shares price has fallen back to 21 cents or is it just taking a breather?

Drilling will tell the tale. They only have about a $1 million in cash so will need to raise some serious coin shortly. I can't see a rights issue as Drake own ~50% or 34 Million of the market cap. 1:10 rights at 20 cents to raise 7 million anyone? Anyone?

If they are to do a proper placement of $5 Million they will need some good drilling results.

And what happens to the share price if the drilling doesn't meet expectations?
will we be happy with 5 g/t results or are we expecting 60 g/t results
Time to take part profits methinks!