George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
In summary, the statement is reporting the frequent detection of significantly higher levels of helium during the drilling process in specific geological formations, indicating the potential presence of ECONOMICALLY viable helium deposits in these areas.
Over twenty times above background: This gives a quantitative measure, stating that the detected helium levels are more than twenty times higher than the normal or background levels. This is a significant increase and suggests a notable concentration of helium in these formations.
Consistently measured: The term "consistently" implies that this elevated presence of helium is not a one-time occurrence but has been observed consistently during the drilling process.
Exactly - the point here is that the dump earlier wasn't linked to the inside info - it was day traders and massive profit taking. The fact we are only 5% down on the day after a humongous rise suggests the inside information is looking positive.
It is from the sells yes - but it's because the MM's can't fill the sell orders as the drop this morning hasn't been fully bought into. Once those sells are cleared - then the buys and sells will be equal in terms of SP movement. For now, because the sells are adding to an already big book - they are driving the price down further. it's to entice people to buy and clear what they have.
Little sell off for lunch and pile back in after - hopefully then they've cleared the sells from this morning. We've seen this happen almost everyday for the last week since the rise. Albeit today slightly different I think it will follow the same path.