Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
You dont know sellers are out. I think there are a lot left waiting to sell. I dont doubt this will rerate eventually, but a lot slower than anybody anticipated. Seems the biggest raisers in sp are rainbow chased p&d atm. Many shares are in the same position
Soon see.. down 10% on little trading. Probably an after hours trade logged. If so, the order being filled is the reason for the sp. 1 less worry. But underlines the absolute control over the price that others have and why imo we wont get the rise thats due
Of course it matters! The sell off at .3 a DAY before the tickertape parade shows that information is available, but not to us poor mugs. Any major drop must be viewed as a precursor to the chosen few to get out and double up AGAIN. If i had that knowledge, i could now be sat on 30m shares for the same investment. Rns will be either ok, or long after the horse has bolted and sp left in tatters.
Im sorry, but that ship has sailed. I hold 16m shares and have for a long time. Projections of 1.7p banded around.. then the tickertape parade at mates rates, then drilling the hole with a Mcdonalds straw. Delay after delay has put the sp at rock bottom, where many traders now hold a position.
So any hint of news will probably walk the sp up to .2 maybe, where the traders can double down, then shake after shake will drop it down to similar levels. This will be repeated as long as possible until sentiment has gone and lths still hold the bag. They know many are trapped underwater and will keep it low to keep you there.
Flippers will be rubbing their hands in glee..
.2 will give me a return, but nothing like what i estimated before the last few months merry go round. Love to be proved wrong, but you can all see the daily pattern on many shares now. Massive rises, dropping to level or even red at end of day.