RE: 15% spread!!!!7 Oct 2022 12:18
Conger, the reasons behind the continued drop could be many and varied as follows, I'm not saying any are in play but
1) Fear of large placing to fund the new drilling
2) Lack of positively perceived news flow (just look at the wording of recent RNSs, not exactly confidence inspiring)
3) Stop losses have been triggered, as more sell so price drops and thus even more sells and price drops
4) People have bills to pay so cashing in
5) People just can't be bothered to wait any longer and move on
6) Someone somewhere, maybe out in India, know something we don't and feels they should sell.
Until we get positively perceived news this will only drop further over time