Hahaha yeah perhaps
My thinking of today is that the early buying of today was a result of the video posted on here, and on JBs twitter, where spod-bearing pegmatites at Kanuka was said.
After all, you would think the main reason for the fall from 4c to 2.5c and the reason why people sold out after the Kanuka update was due to the lack of mention of spodumene...IMO some may have jumped back on board/bought more as a result of spod existence at Kanuka being mentioned in the video.
The later buying in the day IMO was TA showing buying signals and FOMO.
I thought the response to the asx price query was interesting...it does seem to suggest there could be a possible acquisition on the cards, but for me the question is why?
Glass half full: they like what they are seeing at Kanuka and Kitotolo and are wanting more land in the area.
Glass half empty: Kanuka isn’t looking too good and so 4ce are looking to to complete the minimum exploration requirements there and then move on. Have another go somewhere else.
Glass full of ponder: Perhaps they are looking to acquire some land north of the equator, so that we can continue exploring during the southern wet season?
Perhaps it has nothing to do with current drilling, perhaps this has been in the pipelines for a while: due diligence on prospective targets in the Congo. Maybe they have just happened to come across something they really like the look of and want it for themselves?
Maybe I am just clutching at thin air and it doesn’t mean anything..
If this is a leaky ship scenario, today’s price movement would certainly suggest something big/good from Kanuka...
Time will tell.
Either way can’t complain about today’s trading...unless you missed out.
I think I can say with confidence that 4ce is the best performing Li stock on the asx for the month of September so far hahaha
All IMO and speculation.
GLTAH
