Who is right?13 Sep 2020 01:07
So my conclusion from today's debate is, we have one school of thought that considers the meat of last week's share price rise came from institutional investors speculatively buying, indirectly perhaps through other bodies, but ahead of the GDXJ official listing announcement on Friday evening. This being the case these iis will probably sell back into the market next week and suppress any significant share price increase.
The other school of thought, (muted by equally meritorious board members), believes that this buying, if true, will not have had a significant effect on the share price, which has been and will still be driven on by the recent good drilling news, coupled with the US index listing placing a £22m share purchase on Friday evening coming. This will affect the share price favourably on Monday 21st here in the UK).
It will be interesting to see who is right. Anyone got a coin?