Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
😊DO YOU RECOGNISE THIS
RE: What is going on?23 Oct 2023 14:09
Me impatient?
Me neither, I have been in and out over 15 years. This has eventually got to market and it should be going up. It's NOTHING to do with impatience.
Imagine a few distressed sellers sold out on your street for 50% the true value.
Has the price of your home gone down ? No rather someone has sold out at a massive loss.
Now imagine your street was being targeted by excited buyers who wanted to move near to a fantastic new bussines and they paid over the odds has your house gone up ? No.
But imagine news was emerging about your area that a new train station was to open and a new shopping mall and other wonderfull things.But no one was selling would the prices in your area be about to explode ? yes
WELL THATS EROXXON NOW just watch the show.
Did you see ENET today move up by 200% ????
Well thats child play for FUM IMO
Simple market dynamics .
If you want people to buy back a large amount of stock you will have to pay the price .
And pay they did hence the short term rise and then back to normal same when you sell a large lot you can expect to get a lousy price.
This has happened every time the Asos share price shot up.
£50,000 sell for 37p.
Either someone bailing out or large holders selling small amounts only to rebuy at cheaper rates.
It will move up once seller gone and new buyers have entered.
Thats the MMs game and if you play with them you win.
Institutions are off loading
Recent shorts have also been closed another positive point
Fantastic share
excelllnt results
nice yield