RE: Steam rolling through every resistance so far12 Apr 2022 11:39
Haha I think you're coming from a good place, but this is not hype nor pure sentiment, this is the rare situation where shareholders are anticipating a finance package worth 10times the current Mcap.
This is what explains the rise. People are taking seats in the roller coaster. The early birds got the best seats and much cheaper than the later ones. And this continues until the seats are full and the finance is revealed.
Remember the deal had fallen through in the past, but for it to happen again and again with ALL the parties involved is much less likely now. Ethiopia Govt mean business.
Harry's interviews and Q&A have been some of the best ever since he's taken the helm!
Thats my explanation for the rise - I.e. there is a legitimate basis for it.
Secondly, it is not a spike IMHO. A spike is a sudden rise followed by a sudden drop, here we are seeing a completely normal and gradual rise over a week or two - this is mostly because placing shares are done and there's churn.
You will be happy UTB, all in time my friend.
GLA