Very solid day altho it was low volume. But still ok as most of it was off screen buying action and absorbed any supply quickly from the previous resistance of 5.8.
Looks primed for a crack at 6.5 then a test of recent high. I have no doubt this will be trading above 7 cents next week as placement holders who are happy to take a quick profit are now out.
I suspect we will see a certain sub holder notice tomorrow showing they have now sold down all there holdings.
From the last announcement on the 24/08 stating that an initial Jorc will be released shortly i feel this share price has a long way to go in terms of share price appreciation and Market Cap
At 10 cents per share the market cap is only $45mil
The options on this thing are absolute gold bottom draw material with an expiry of 2.4 years.
MYL Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held