people who are talking of the consolidation and "months to go before edrilling" and all that doomsday like comments should take a peep over at another Mali gold based explorer now looking at Li exploration (not naming names here for cross-promotion, but it is a well known company in this space and most will know of whom I talk here)...
Consolidation - 10:1 = DONE
Li play - zoned in and work in progress on drilling (not any day soon)
3 shares for every 7 shares SPP ann when the sp was 6c a couple of weeks ago
GUESS WHAT the sp was last Friday - hit 21c and closed at 20c...
same boat as MPJ - and even 40% increase in the number of shares is not enough to dampen the spirits there... MC up by 350%... and AFAIK, there are no known Li megaspots where they will be drilling like PLS near us...
so, MPJ's rise MAY not be a day's affair as far as we may know... time will tell... could be a good rally... risk v reward...
MPJ Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held