RE:News release impactI dont think the PR was negative, sure the first go around yeilded sub par results but the next round of testing with a better sample was very postiive. Thats only good news! They are refining the processes and doing the due diligence in order to present that to a buyer as part of promoting the feasibilty of the Ishkoday mine.
I think the slowing of volume and uncertainty over price direction is because people are expecting the news we are all waiting for, and when that was the headline for today people hesistated. I think speculation drove the price up to where it is and we might be here for a few days or even weeks as LME is approaching ovberbought territory. I expect a small period of consolidation which will be broken to the upside by increased optomism or break to the downside on people feeling pessimistic again. Emotion surrounding the timing of a buyout is the primary driver of the stock price at this point, as people see the price increase they FOMO in and they dump their postions on the way down if they dont have conviction over LME and the Ishkodays potential.
.70 by june 16th? Maybe, who knows and quite frankly, as nice as it is to see a high share price, the warm fuzzy feeling of a price bump, and the enthusiam around this stock i dont want it to go higher haha. The only time a price increase on this stock really matters is when a BO is publicly announced and its skyrockets. Call me greedy but I am much happier to sacrifice the "good" feeling of a modest price increase on paper for a opporunity to buy 3 shares for a $1 when the opportunity presents itself.
Smitty64 really hit the nail on the head with his "5 step post". The LME team is bring the Ishkoday closer and closer to physical mine development. LME is extremely close to having a FULL understanding of the Ishkodays total MRE (if they dont already). Cynthia will keep moving towards mine construction until the ishkoday is acquired. Could be tomorrow, could be next week, maybe the papers are being signed. Who really knows?
Heres to a buyout SOON
Cheers all!