Watch for a close above $0.05
This to me seems like an important level at this stage.
I believe the perceived value psychologically starts to change.
For several factors - I think this is also the minimum level to really start doing fund raises as well.
And at $0.06 cents people start to see next level at $0.10.
Whereas at $0.03 to 0.04 people think $0.00 is closer than $0.10
We all need to evaluate what are goals are and when to sell.
Personally, flipping for a few pennies to me is ludicrous here.
The story here is simple - they are searching for one of, if not the biggest diamond discoveries in Canada made in the last decade or perhaps ever.
If they continue to find shocking results like recently, then the stock is going to trade above a dollar and beyond like where it was before.
So at this point one or two pennies is exactly that.
To me the challenge, will be getting halfway there to the $0.40- $0.50 cent range.
And as well, as this story gets more gripping and intriguing. The thrill of getting rich could set this stock into a mania. As currently there are only about 48million shares outside of insider holdings.
And as mentioned the odds are getting better that we are going to find the source of the macro diamond. And if that happens the mania could become a reallity.