IOCG Loongana potential, page-35

While we wait for news I think traders will be the most active with MRQ scalping a point ,in at 0.008 of a cent then out at 0.009 of a cent.
Buyers at 0.009 of a cent would be mostly the long term type investors chasing the dream of being in early before a acquisition that can cause a massive rerate.
IM the type of investor that chases 2 to 10 baggers or more ,it takes patience and time to make that kind of money.
Still quite some risk here at the moment as it is more of a punt at the moment until we are updated on what is going on with hopefully a Lithium of Cobalt Acquisition.
I think the main risk here is in the company taking to long to acquire a new project while depleting there cash ,but a acquired advanced project could see a massive price increase or early stage project at least bring in some new investors.