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I have said I don't know.
Loads of ASX miners have been hit lately.
Plus there are still loads of penny profit traders around that cause this zig zag.
Plus its illiquid - it swings 10% every day.
If your nervous, buy something else - or don't buy anything!
Your completely right doing extensive research and yes, there are some dodgy peeps on twitter who talk their own book - hence DYOR being so valid.
Here is a liquidity event so ramping / deramping from anyone will make no difference.
While managing comms and helping sp is part of the job, its not his fault there has been a persistent seller below TR since April.
His main job is to make the asset as attractive as he can - and he seems to be doing just fine. Its a potential mine - the data will do the leading.
Https://www.ig.com/uk/trading-strategies/top-10-uk-penny-stock-for-investors-200123
Don't remember them covering small caps
Once the deal is executed, this will be resolved with the SMD shares being transferred and PIPE shares issued. It’s one of the reasons Rosecliff want the RTO as much as SMD , now the proxies are out should about 3 -4 weeks until conclusion
I’m afraid he hasn’t told me but looking at reducing volume and buys near sells (1.92 we’re buys) it looks it. But check out Sponges excellent analysis that covers the outstanding aspects in relation to size, licensing and stability
That is the problem. There has been an Aussie seller ( below TR level) whose constantly sold since April but no buyers thereby causing a disproportionate drop- many are waiting for a definitive reversal. I’m calling the bottom here, that’s my gut feel but no one knows till it is ! Fundamentals are mega so I’m happy with my purchases- 0.3 p is neither here nor there. Drilling updates very soon. It can easily bag/ 2 bags up, it won’t de bag in the same ratio lol. And markets are beginning to show signs
That is the problem. There has been an Aussie seller ( below TR level) whose constantly sold since April but no buyers thereby causing a disproportionate drop- many are waiting for a definitive reversal. I’m calling the bottom here, that’s my gut feel but no one knows till it is ! Fundamentals are mega so I’m happy with my purchases- 0.3 p is neither here nor there. Drilling updates very soon. It can easily bag/ 2 bags up, it won’t de bag in the same ratio lol. And markets are beginning to show signs
Indeed, exciting but relaxing at the same time. Suprised peeps selling on Friday, almost as if they haven't read any RNS for the last 6 months or the relevance on the proxies been sent.
You can look at it two ways:
Placing at £1 plus a free Nasdaq listing to prepare for material Federal contracts or you can buy into a Nasdaq IPO/RTO at half price with the same Federal contracts.
And the best bit, you don't have to trade it as it is a liquidity event.