Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I reckon, and its my opinion only. The shorters sell their lumps in the morning driving price down. Then they buy back before end of day not wanting to risk rns in the morning. So the only way they make profit is if others join in and sell their shares. Because they would make nothing if they sold and bought back. So they deramp on the board and try to kill sentiment and hope weak hands sell too.
Hope that makes sense. But it would also explain the large buys that go through end of day. Limit buys at a lower price than what they sold/borrowed in the morning
The last town hall meeting i went to shaun was specifically asked if we can buy out if newmont wanted to sell. He specifically said we have the money to buy it and that was what he wanted. The only question was if newmont wanted to sell their 70%.
Now we know they do.
I was not the only person there, so other innvestoors can confirm