RE:RE:RE:RE:RE:RE:WOW- check out the results - all holes hit bigunfortunatly i don`t have a crystal ball, so i don`t know, but some educated guessing:
as said before, there are very few shares floating, but the bulk might be from latest PP
those ppl are 75%-100% up and have warrants.
Then this one is held by some high-net worth ppl, those mostly do not care much about daytradind,
some might have even bought on the news, if you look at volume that was much higher on the run to 0.55/0.56, while the correction down to 0.40/0.41 was under rel small volume
another reason might be that people don`t understand what they are proven here and at what point in the game we are. Eventually power hour or next days could be huge if retails get explained the results and the geological model.
Anyways such trading is nothing special. Look at GTT which was a 3 bagger (which i missed, or better not convinced its worth the EV it`s tradng at) or Novo Res. NVO (which was my biggest winner this year) if you look at the one-month chart on a 5 or 10min candle bases you`ll see they had similar swings intraday before movin much higher.
For instance Gt Gold on the drill results news:
open at 0.48
movin to 0.76
correting to 0.58
closing 0.8
intraday on 25th
now trading at 1.4ish
gotta deal with huge volantility and irrational swings in junior exploration