RE: POG14 Dec 2024 00:17
Antigua18, let’s assume for one minute (because we have no proof) that all these after market transactions are buys ! If a HNW Individual or an Institutional investor was accumulating a large volume of shares, then surely they would try to purchase them at the lowest price they could, just like you and I can put a limit order into our investment provider and tell them you are only prepared to pay X for them, and as an example, the other day when the SP touched 7.8p, I put a limit order in with ii to purchase 500,000 at 7.3p ! Now as of yet I haven’t been successful in that order being executed, and maybe it might never be, who knows. But it looks to me that whoever it is whom is buying this stock in the millions are doing so at an agreed price.
Now it’s the job of the broker to try & obtain those requirements, and as long as folk continue to sell, that broker will gladly snap them up. It’s quite simple, if folk think their shares are worth more, then don’t blumming sell em, but obviously some seem to be happy to sell at this level. More fool them I say, but it’s not worth fretting about, because everyone I see here posting on this subject, aren’t going to sell until they feel the SP is much higher, or so they say ?
Eventually all these shenanigans will cease, but unfortunately for now it is what it is. Patience will be rewarded in the end if the recipe for success made by the board come true.
ATB