RE: SP20 Aug 2022 12:33
Accept what you say is correct Uggy. A couple of other points make it less accurately predictable imo.
Emotion and sentiment can play a major rôle, especially on aim with few large institutional holders. I have referred elsewhere to the ukog multibag, based on fake news. When news of actual production is more widely known anything is possible. Imo childish over enthusiastic ramping is keeping some on the sidelines, I cannot guess the extent of this. Also, sentiment can lead to irrational sp FALLS. Remember, 11p AFTER the first $1m revenue rns.
And then there is manipulation, by shorting (which some maintain cannot happen), and other means. Cui bono? Perhaps those who want in big time cheaply, with funds not yet assembled? In that case, when released the rise will be steep and unheralded.