RE: Rout !10 Jul 2019 15:44
Kopfkissen,
I understand your frustration. At least 100,000 of the sells shown are in fact buys. I'm afraid we're just at that very depressing stage on the development curve where, due to the larger scale of the project now, some of the key developments and news will take a little longer. The news vacuum simply allows the MMs to drag down the price gradually. It seems likely that the slightly longer timescales to significant news just means that some of those who bought in with a view to a shorter term skim, have now taken their punting money elsewhere. It's slightly curious that it takes a falling SP to encourage some larger sells ...presumably larger holders from an earlier fund raise. It's not when I would offload a large holding but, hey it's their money and with longer timescales here, they'd obviously rather park it elsewhere.
In my view, the fundamental investment rationale for MDB is stronger than ever. Really big news will hit at some stage ....and I think some form of EU funding may be at the heart of it, and it's only then that the serious money will begin to flow in. In the meantime, it's wait and hold your nerve if you really believe that MDB will get permits, get funding and go into production by 2020/21.
Before the big news hits, there are probably going to be some miserable days like today which make you question your own judgement. If it's any consolation, it makes me just as miserable as it does you!