With the drilling of Winx not until late February next year and no other news on the foreseeable horizon, the market is taking the opportunity to wind back some of the early enthusiasm.
With the failure of the share price to maintain support at 6c then 5.5c, after the sell down again in London(last night) this could find its way back to around the 4.6c level.
2.5p = 4.66c. The good news at that level is that it will be over sold and there would be a reversal. Could be a good entry point for a trade. IMHO
Cheers, it's Friday.
RMP Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held
