The move up was shown to be from M&G Investment's added 3 million shares of volume over 4 days from 29th Nov to 2nd Dec.
This is roughly what I was expecting. So retail holders were undervaluing the company buying only up to $1.15 while M&G were willing to buy up to $1.60-$1.70.
With only a single buyer creating the demand above $1.15 I imagine the chance of falling back is moderate, especially once they have reached their desired holding.
Good luck to all holders, but this was a strong buy for me at below $1, a sell above $1.50 and probably a hold between there. My feelings mainly revolve around the $1.39 capital raising dilution price.
For the price to continue upwards I expect that copper or moly would have to rise, or for M&G to have an insatiable demand even above $1.70.
IVA Price at posting:
$1.63 Sentiment: ST Sell Disclosure: Not Held
