RE: I can't understand πͺ5 Mar 2024 15:09
Old decent rules of stock trading no longer apply these days on AIM.
The SP is reduced up to anticipated good news to lower the impact of any price rise (and illustrate insider trading I guess as well) and then manipulated back down after an initial rise to roughly what it was before.
It happens especially when minor exploration companies discover a large find.
A couple of examples- GGP and of course ourselves. No doubt there are several others in that category and many others on Aim that are experiencing similar to a lesser degree in their lesser share price on Aim.
The overall AIM is to basically use any means possible to try and embezzle the shareholders in such companies out of their potential profits by trying to get us to sell our share for a pittance knowing in the mining industry, that to get to production usually takes at least a few years, giving the cheats plenty of time to short, misrepresent news, deramp etc especially on boards such as this. It is rife and the Post Office cheats who sent sub postmasters/mistresses to jail are only dwarfed by what is going on here on AIM.
Hang on to your golden tickets. you know it makes sense because in the longer term it will eventually be mined if its a decent discovery.
GLA
ps Forget those who say it's all normal market trading action of buys and sell -Rubbish - The Post Office Reports of their new system were ignored by nearly all and look what happened.
Well, as a long term investor, at least I have got that of my chest.
GLA