Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yes COPL different situation but the trading value was insane. Look at the past weeks trading volume increase with SDRY.
What I’m trying to say is traders pile in on situations like this and there is money to be made if you time your buy and sells correctly.
Agree need to break 10p. It would’ve broke on Friday but being a Friday a lot of traders sell out for the weekend.
Thus, expect to see a bounce Monday morning with traders buying back in with a continued rise throughout the week with a mix of volatility. IMHO.
Priced to fail at 10p. Price correction in place and money to be made on trading a small Mcap and low shares in issue. Volatile SP with gains to be made. You’ll be surprised how further north the SP goes ;)
Look at COPL as an example. Towards the end they were broke and Bond Holders were selling out but the trading volume was insane with 30-40% gains in a day. Sometimes you just can’t explain why the SP is up or down. At the moment we clearly have more buyers than sellers and someone accumulating in the background.
IMHO.
Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=SDRY.L
Although I wouldn’t stay too long, end of May 2024 for me. IMHO.
Being in stocks for a long time also, expect the unexpected also. Good or bad.
Voting in May 2024 and equity raise in June/July 2024 till then anything can happen.
Personally, I expect the SP to continue climbing as at 10p this was priced to fail. The drop to 5p was panic selling and market makers taking advantage of the situation. IMHO.
Just to add, if all goes ahead with the company’s plans the SP will not trade in 1p to 5p range till the equity raise in June/July 2024 if I recall correctly.
Therefore, short term the SP will continue to rise till then. Personally looking at 20p. IMHO.
Agree with your conclusion we have a background buyer. I did mention this earlier in the week.
I may have been incorrect of my analysis of the 100k clips yesterday, they could be a mix of buys and sells hence why the SP did not tank as some on this board had hoped for.
Maybe a bit premature or optimistic but there could be a BID on the table coming soon. IMHO.