As expected buys are steadily coming in this morning... 58k buy just took the 10.5 level away so back to 11 on the ask... Clear sign that position building is occurring.. Well done to all those who topped up on the dip... Thats the way to play this stock...
Personally, I remain excited about the Oak Dam assays.. Interested to hear more about the geology and find out what encouraged Xstrata to drill down to 934 meters, whereas if there was nothing there they would have terminated the drill quick smart around the targeted 650m level...
Main focus is still on WE.. As highlighted in yesterdays announcement the drill team quickly transferred the rig with no issues and must be operating it smoothly to already be through 255m... Wont be to long till we get to target depth...
AXT remains a high impact news stock that is significantly derisked by previous drilling results, and the combination of excellent management and JV partner... Looking fwd to weeks ahead..
As expected buys are steadily coming in this morning... 58k buy...
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