Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@ART123 they are aiming to offload the placing shares before the commencement of the Itumbula drilling beginning of January to facilitate rebound in the stock price without impediment. To prevent day traders from interrupting the process, they consistently replenish the Ask side on Level 2 until they successfully sell the targeted volume from the placing shares.
Another day with a substantial number of shares were traded since the market opened. It appears that there is an effort to swiftly sell the placement shares before the commencement of the Itumbula drilling in early January, facilitating a rebound in the stock price without impediments.
I truly empathize with long-term holders, and I believe the handling of the placement was remarkably poor. However, there is a clear opportunity for a significant rebound, with the potential for at least a 50% increase from the current levels before the release of the Itumbula drilling results. Personally, I intend to hold until reaching the mid-30s.
"That would be crazy risk taking and you might as well buy lottery tickets instead."
I dont agree Legalwolf: "The odds of having your very own set of identical quadruplets are 1 in 15 million – still three times as likely as you winning the lottery."
I believe that there is far better chance of positive or Ok-ish Itumbula results than winning the lottery or having identical quadruplets of you ha