RE: What's going on28 Jan 2021 23:30
JCarson. I think it’s selling that is driving the price down. Why are they selling? No idea. Stupidity, lack of knowledge, too big, bought too high, didn’t do any research, thought it was a one way bet, don’t understand mining, didn’t understand scally and still don’t. My guess is it’s not the lth who are selling, it’s the bedwetters. I have bought over a million in last couple of days and when adz pukes his shares on stop at 24 (thanks for the heads up) I will buy some more.
When will people start to size their investment to their risk tolerance? Now I do know the answer to this one. Never! And that’s why PIs will always get taken out by the instos.
As to your specific question about next scally news. Given the current sp there is nothing in for scally and expectations are about zero in terms of assay results. So the expected poor assay results shouldn’t affect the sp at all. But that’s not to say it won’t - in the short term.