Ann: Albion Hits More Shallow High-Grade Gold at Collavilla, page-20

Day traders have jumped on this following the release of the first two assay results, combined with a sharp price run from the 5.0 range to an intraday high of 16.0. Moves like this especially at the spec end of the market, some profit-taking and large swings are expected.ALB’s low SOI means it doesn’t take much to move the share price either way. Looking at yesterday’s close, there appears to have been some manipulation to push it to the daily low. I believe it will retest the previous ST strong support around 8.7 range.

On the flip side, after years under the radar, ALB is finally drawing attention from brokers and institutions. There's still plenty of news flow to come, and the market hasn’t yet grasped just how strong these early assay results are (especially considering the small sample size).ALB's current market cap of ~$12M remains low compared to peers like CRS, which sits around $40M. CRS is a solid comparison, they're a bit further along in drilling (7,000m announced vs. ALB’s initial 1,900m out of a planned 3,000m), and they're already working toward a maiden resource estimate. However, CRS’s grades are similar, and their mineralisation starts deeper than ALB’s.Also worth noting: CRS needed to raise $7M to fund drilling and operations, while ALB is already fully funded with $4.8M cash on hand (so there’s no capital raise required anytime soon).ALB still appears significantly undervalued relative to its peers.