RE: Don’t shoot me for asking this...14 Aug 2020 21:01
Happy Friday OB!
I am glad that you are liking what you have dug up!
Why are the share price being held?
I can tell you what I think and that is that based on this week's TR1 Griffiths sold some shares.
Now, imo there is a play for shares in the background and someone is mopping up shares.
As I've said in a previous post, I have seen similar in other shares, where with the help of the mm's- a large investor or group want a chunk.
The example that best comes to mind is when the French Burguess brother bought a chunk of UKOG a few years ago.
In that instance, the share price was held for each tranche that the bro"s wanted.
Now as far as volume, you must admit, it isn't sexy like gold, silver, Covid ...
So, because it isn't bling, people walk on by. There is also the fact that shares like VAL have doubled this week and SYME has 4 bagged this week.
So, as you know, people chase money instead of figuring out, where it is going next (like here).
I think that when news arrives it will come thick and fast and you've heard it here, but I wouldn't be surprised if there are offers in the near future.
For this reason, this is why imo someone is accumulating in order to have options