Just bought at 0.62 and for some reason this is the least...

Just bought at 0.62 and for some reason this is the least nervous I've ever felt about chucking a wad of cash into a one and a half
holer !

Maybe I'm not being guarded enuf when u look at the multi gap ups in this spike, if we can call it a spike. These in themselves tell a story when relating this move to what the market is expecting. 

IF this turns out to be a massive subterranean Li brine resource, and all indications point towards it being a SOURCE brine resource, that being one that FEEDS the down channel deposits, then this will not only be huge in terms of the static resource but also the resource FLOWING INTO the Gln acreage. As they have been at pains to point out there r some transmissionary  sediments at depth with the brines within them , and at a guess this, annmnt MIGHT just tell us a bit about the ability of this strata to move the very high grade brine thru this acreage. In other words this may just be a resource that self FEEDS depending on any down hole hydrodynamic studies done, but this will probably come much later. One would think the goes have a pretty good handle on this already as one statement I remember reading was that this was being fed by a volcanic hydrothermal system and THAT may well be essentially inexhaustible.

What matters most atm is that we have a strong resource that can either self flow or be pumped depending on initial hydrodynamic readings and this is what this second hole should give a big indicator of particularly in terms of the consistency of the resource over its length. And that's another interesting thing about this channel in that one might expect the upper reaches to feed the lower parts.

That's my basic read on what this paleochannel might hold and imo probably does. But im no geo.

But let's go to the gap ups. 

These have occurred due to the buyers wanting in badly and there only being circa 100M on issue in combination with what may turn out to simply be a silly market cap. As Billy has done today with that schematic and the market caps of the neighbours, if this turns out to be a 15 x 3 To 4 km high grade 150 to 200m deep brine resource with a potential self feeding source then 60 to 70 M is plainly way to low. I'll leave the upper end for u to comprehend. But these gap ups r not like ur ordinary gaps within normal trade which eventually get closed, they r rerate gap ups which, unless something goes horribly wrong, will fade into the chart and lack any significance at all as time goes on. But still, the closer in time we r to them the higher the chance of them closing, but given the emerging fundamentals I just don't see it happening.

Nervous ?

Its never a bad thing to be nervous, its ur brain telling u to be careful.

If anyone should be nervous its guys like me that bought at around 60 to high 60s yesterday b4 the halt.

But when u look at all these things combined with the company spruiking via Proactive again last night and SRK stating they may have a potential world class brine resource, then it will only be manipulating  brokers and traders that can make the sp do anything out of the ordinary and their collective problem is there simply rant that many shares on issue for this to be played with via volume too much. But we'll see tomorrow.

Gr