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Yeah, the MM are delaying action, read the ticker you will see.
the MM know that this should be much higher and attacking.
however the americans want this company more than anyone, look at what happens every day in the US float.
At 9.40 it was going to return to 2p, and then the MM started attack again!
they are doing it even now, they are dropping the price and tree shaking.
Helium One has hit the jackpot, they know it and trying to get their hands on cheap shares.
however PI are smart and know that Helium prices are raising 400% this year alone!
Older investors know the game.
MM were placing tons of 1 share sells at vastly lower prices to shake the tree at the point when PI were getting into the office.
However, with this company is sat on resources worth more than gold, with helium projected to increase in price by 400% within just the next year.
Seen this many times.
the MM didnt like the move north as they are trying to get their hands on everything.
hence the very aggressive attack and drag down.
this should be 2p now and getting primed for a move to 3p
So info for the newbies:
for an MCAP of £100m they need to sell 400m litres of Helium
Global production is around 75 million cubic meters,
estimate US helium in 2021 was £540m,
and to make 400m litres you need 400,000 cubic meters.
so based on the RNS we are easily looking at an MCAP of £200m.
however with Helium going up in price, every day that becomes easier
Classic, gets to were its meant to be an the MM drop prices and spoof sells to shake the tree.
However, keep in mind the Americans want this.
Every day they buy up the float in the UK and sell there.
The level for this is now 2p, dont sell for less.
Look through the trade prints, tons of 1 share sells to drive the price down.
coupled with auto sells being triggered and people naturally taking profit.
however this just opened a ton of free float for new traders.
And more importantly for Americans.
Everyday everything is being bought in the day and sold to the Americans in the afternoon.
Finish on 2p
This was on the way back to 2p where it should be.
the MM quickly moved sells from earlier in the day into the system to drop and slow the pace.
however the Americans are now here.
this will move fast as a takeover target.