RE: Sonora value26 Nov 2020 09:59
Ob's,
Can you spot the flaw in the logic? Yep. I would hazard that the majority of people who buy and trade this share and similar small cap Co's, which are prone to fairly large price fluctuations, do so on their perceived current sentiment. For instance, I believe the fall in bcn's price from its high point had little or nothing to do in the value of Li and was all about time scales.
As we know, it is traders that move the price. Long-term holders don't create a market. Christ knows what will happen when Mr James cashes his million shares in at 25p. That, in its self raises questions as to our sp going forward. I wonder how many of the long term holders will sell on the up or will they wait for a few more years to see what this 'investment' company returns to us? After all, those that criticise the traders would be hypocritical to sell before the first dividend.