Ryan it looks like it's attempting to close the gap on the daily...I'd be watching for that...if the gap doesn't close then I would expect it to trade in a range from 6.50 to the gap....if it can close the gap , get on top and stay there then it may have room....but at this point I'd say it may not....there will be res at 8.20 and a push thru that would be what you need. If it goes thru there will be lots of res. at 9 and since it's getting somewhat ob at these levels it may fail to push thru.If it ever fails 6.50 bail and wait.
It's normal for a co. to deny rumours...that would be like inside info...no?...especially coming from ther chief geoligist.......