RE: I really26 Mar 2021 09:26
It's unnerving in that you don't know why it's dropped nearly 50% since the end of last year. This consistent drop day by day is prob down to (but I don't know this!): 1) People buying in too high in the last quarter of 2020 and selling out to preserve capital, adding a downward pressure to price, 2) COVID stocks are coming back into fashion as LFT is gearing up, drawing the 'fast rainbow chaser money'. 3) Do we have a big seller? I don't know. 4) Do we have a big buyer? Sure as hell doesn't feel like it. 5) Change in management. 6) Shutdown in drilling in WA for ast few months, now about to resume 7) Perceived bad Scally results, 8) More perceived bad Scally results to come and fear SP could take another knock. And yet, as has been pointed out, the resource continues to grow at an impressive scale, and with massive drilling over the next few months....the market will turn sometime!