Week in review. Well, it was an exciting week to say the least. A lot of emotions were stired by the downward pressure on the share price both,Thurs and Fri.
I was mildly surprised when the share price fell back to the $1.79 mark at the close on Fri. I guess it could have gone either way. The ask was $1.86, the bid $1.79. Looks like the bids won this time which proved my anticipation of the $1.90-$2.00 wrong.
As Assess 1 alluded to on his last post expect the share price to rebound early next week as the next round of core samples loom closer and rumours once again begin circulating.
It appears the next big news the market is waiting for is the mini bulks. Leading up to the mini bulk NR, I think the share price will rise dramatically to the $2.50-$3.00 range.
Keep the chin up and hang on for the ride prior to the next NR.
Cheers...Mad