With the SP holding pretty well at, now , around 33% above the recent CR it does look good. One would have expected a lot of the traders from the CR to have taken profits, as indeed a % of newer new holders who got in at the low 6s.
Considering the wash out from the above, I'm happy with the current SP action. Could have been a lot worse for a speccy stock. Once the CR wash out has been completed, and with a very small SR, I'd expect any good drilling data to push the SP towards the 10c level. And if not good, probbaly looking South.
The MC at under $15m, really is a minnow amonsgt minnows, so we should expect some extreme volatility at times, as and when drilling data is released. Not for the faint hearted, maybe.
