RE: scrappers disunite.12 Jan 2022 19:53
I think you could be right Ponie - there could be a lot of PI’s who have invested as much as they can afford/want to and prepared to now sit and wait. But as others have alluded to, the MM’s who need to make a market, seem to think that walking the SP up a couple of pence and then straight back down again and perhaps even lower, will “scare” or “tire out” PI’s into selling. If on the other hand they raised the SP to 25-30p I’m convinced they would get loads of PI’s selling because they’d had enough plus they would attract buyers who prefer to invest in a rising share rather than a stagnant one. Alternatively we all just wait for the FMV on the 5% plus MRE2 plus awaited assay results which in their own right will impact the SP upwards. Just my musings - no response required. VGLA!!