First up work on their projects.. lithium and graphite in canada - including zinc drilling in WA - generated a lot of information that required further technical and desktop work. (natural progression of targets and projects)
Extra tenements have been applied for.. etc.. etc..
In this period of no new exploration news.. some traders had decided to take short-term profits.. believing there was time to buy back their position before the next round of exciting developments.
The substantial increase in volume in recent times is a clear signal that larger professional investors are again positioning themselves for the next eventual upswing in the shareprice.
It's just unfortunate that many shareholders who bought at higher levels are selling way too early into this increased activity instead of holding back and making the professionals pay a higher price for their stock.
The majority of turnover in recent times has been at mid-point.. ie .0055 or .0065 - something that retail clients are not able to deliberately do.
Just my thoughts.. but I'm buying more
MLS Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
