Yeah thanks beardozer. I refer you to a subsequent comment and the problem with posting loaded questions without context. No matter what I posted neither my comments or my 4.6m shares are likely to affect the SP or other investors' sentiments.
I'm actually giving him the benefit of the doubt that he was waiting to buy in and wasn't deramping or shorting.
The ship has firmly sailed though.
I see some talk on Twitter of trading this to 0.33p and then selling. That is about the point of the first major resistance. Don't be surprised or alarmed if it pulls back from there.
Just be patient and remember not everything goes up in nice straight lines.
"72m volume today meaning the 200m I mentioned yesterday have now churned through (130m + 72m). The price is beginning to bounce around between 0.24p and 0.26p and it looks like the final remnants are flushing through the system. Some bigger buys going through today and the MMs are now running out of placing shares.
A break above 0.27p on Thursday on the descending trend line and we're on the way to 0.70p (breaking through resistance at 0.32p first)."
This is going to be lot of fun. And with rising copper prices (have you seen the futures?!) and a fully producing mine.
72m volume today meaning the 200m I mentioned yesterday have now churned through (130m + 72m). The price is beginning to bounce around between 0.24p and 0.26p and it looks like the final remnants are flushing through the system. Some bigger buys going through today and the MMs are now running out of placing shares.
A break above 0.27p on Thursday on the descending trend line and we're on the way to 0.70p (breaking through resistance at 0.32p first).
Two massive 34m trades at 16:24 priced at 0.2634 which can only be buys based on yesterday’s price action. Some “smaller” buys of several million around that time.
So we're probably about c200,000,000 from this being fully churned? What do we think?
I personally think we'll see a RNS drop to provide a production update once the churn is done and a new support level around 0.30p has been found. Always release news into a rising SP.
First target for TB is 0.57p when his next 16.5% of shares vest. This is a realistic target by Xmas.