Down day in US markets and flowon to Aussie.
Likely also quarterly reports... enough cash to get through next quarter.... exploration going forward full bore... the Dinghy repayments, wow they hurt, but its for the better. Some may fret over the cash situation for the quarter after the next.
3 months is a long time for an explorer- this one at least.... its akin to a mafia, likely the SP will be milked... my guess is one day after it falls briefly below the Bollinger bands it will surge 20-30% (beyond 30c) at least- on Drilling Results. We already know accumulations are happening- why not try to buy your shares at lower than the 25c you paid for them in the CR? Then Boom... 30c plus. Its a crime that a stock like STB is went up 60% and this one still languishes.
Do not sell your stocks to the crooks waiting to snap them up. VOL very low on pullback- glad they are not getting much stock. Have no doubt of the wolves circling in the background, billions of dollars here, capital will be raised no problems when the time comes...plenty of time for this SP to rally now we know at least next quarter is covered. Even if a CR is in the making, brokers always spruik a SP to get the $$ over the line... and what do you think will happen to the SP when news of more funds? No brainer- news due soon, nothing worst goign forward into the horizon. Patience is the key. Value is value.
K2P Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
