Why 92 Resources Corp. Looks Ready for the Next Upswing
ZURICH, SWITZERLAND / ACCESSWIRE / June 20, 2016 / Today, Stephan Bogner from Rockstone Research published an update on 92 Resources Corp. (NTY.V) as the company issued a press-release earlier today that has the ingredients to spark a new upward trend of its share price. Firstly, the next phase of exploration on its 100% owned Hidden Lake Lithium Property in NWT is said to commence shortly, thus new assays from sampling, trenching and drilling may follow over the summer. Secondly, it was noted today that a total of 10.2 million warrants had been exercised over the past few months and especially since the spectacular news on June 7. Thus, only ~2,4 million warrants remain in the money unexercised. It's fair to say that the exercise of warrants caused additional pressure on the market, which thankfully was well absorbed and the share price had the chance for a healthy pullback.
Now, with the announcement of the upcoming summer exploration program and a healthier treasury thanks to continued shareholders support, the market may receive all this very favourably, potentially resulting in the next price upswing. Due to a highly increased and steady stream of result-driven newsflow over the next weeks and months, 92 Resources is expected to outperform the lithium space.
This report also includes an interview-style article by Marc Davis from BNWnews with Adrian Lamoureux from 92 Resources.
The full research report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/92Resources4en.pdf
English (web version):
http://rockstone-research.com/index.php/en/research-reports/1162-Why-92-Resources-looks-ready-for-the-next-upswing
German (PDF):
http://rockstone-research.com/images/PDF/92Resources4de.pdf
Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
