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It’s all about sentiment to drive share price, Tesla for example, and the meme stocks, most of which were bust at the time they got bid higher!! Nothing to do with fundamentals. We currently don’t earn anything so we to have nothing to hold us up really other than the promise of what will be. If you believe hold the course, might go down a bit more. But might be a good buying opportunity as in a few years we will be mining and in a few months we may have sold our 5%. We are a speculative play so expect ups and downs!! Over the long run we may be able to look back and say what we’re we worried about!!
The SP malaise reminds me of when the price was in the 1.3-1.8p range. We banged out great results and the sp did nothing or went down, with the odd up days but generally stuck and made little sense to those who believed in the project. One day it dropped to around 1.3 or 1.4p and I thought I will take some off the table and sold one third. Within days it went crazy. Day after day of big ups!!
Not sure when this will break to the upside but I hope we see the day after day of upside. We were stuck at 1.3- 1.8p for a year or so. There seems to be little left on the downside, more chance of upside from these levels barring a big crash!! Anyway, good luck to us all in this crazy/dying system!
I agree the system is so corrupt and in the toilette through absolute corruption, right now gold is being held down so people don’t see it rise as they inflate the hell out of everything. It’s a very dodgy time, but when people lose everything, they lose it. I hope those who deserve it, get it!!! They are ass wipes!!
Think they are just going to walk us down to the low 20’s like they did with ggp. Why did we have the seller dumping 50k blocks while price was rising, seems like a known plan put into action and now price drop. This is just robbery!
Thank you, makes more sense now, seems harsh to value a company that way, and definitely makes it more if a popularity contest than perhaps it should. Even more reason for great, up beat, positivity from Brad where ever possible!
They are getting better, but maybe missed a trick with just issuing a fourth drill rig RNS. Anyway, bad day but, hopefully onwards and upwards.
Not sure what your question is, but my perception of the value of a company is 187mil shares at 30p equals its value. So to wipe out 25% of its value surely 10mil value of shares need to be sold or something substantially huge?
I love a moan, but unknown forces are the only description I can come up with to describe the drop. I first bought at 13p and therefore I know what the price has done since then. I’m not attacking anyone either.
But, we are showing more buys than sells, company valued at 55mil from share issuance, so how can 500k selling drop a company 25% when there has been 650k in buys. Surely if a company loses 25% the selling needs to be around the 10 mil mark?
Not sure anyone should have to buy a tin foil hat, I believe they are quite straight forward to make, however I have noticed some people on this board oozing a happy vibe!! Why looking at a 25% hit would anyone be chipper?
Dryland or example, and then some others who seem to back him up who I haven’t seen on this board before!
Heros or ass holes, I’ll let you decide!
So with your greater knowledge did you lose 25% today on what I can only describe as unknown forces star bright? If your in this share you did.
I’m here because I believe in the opportunity but thinking about leaving because with more buys than sells some force has dropped this 25%. If you could explain why this has happened then I might be able to understand.
If you are one of those who manipulated this move the I stick with my description I posted earlier.
Don’t these people have to buy back to cover, if price goes up? It’s a good play, and one which would explain ggp recent decline, and today’s reversal. They switched to this and perhaps bought ggp to cover their shorts. It’s a clever trade but could crush companies. These people are ass holes!!