RE: What will move the SP....5 Jun 2020 14:09
A general comment on the BMN share price, which clearly is below where we think it should be. Some observations.
1.This BB shows that the number of daily comments has gone right down. This is excellent as it means by and large the traders whether long or short have fond new grounds to play, e.g. Avacta.
2.The actual volumes of shares traded in BMN over the last few weeks has been very small. i.e. there have overall been no material excess buys/sellls.
3.There has been no news, which means whn there is news the price adjustment will be much more significant.
4.We are still suffering from the phenomenal increase in shareprice in 2018 on the back of the unrealistic spike in vanadium price that was never going to last. This clearly sucked in many quick buck investors/traders man of whom will be still on the register but are gradually unwinding their position after sitting on substantial losses, i.e. their patience is running out. Luckily this isn't that many as evidenced by the low volume.
5.Currently there are insufficent largescale buyers to outweigh the relatively small time sellers. This could change in a flash.
6. I am sure Faramog will tell me the share price always goes down on good news, and historically that will nearly always be the case where there is a high proportion of traders to investors which has hitherto been the situation as a result of the vanadium price spike. "Buy the Rumour,Sell the News" is the maxim, but this doesn't apply to long term investors.
7. In summary I believe we are moving towards a much more secure shareholder base and that the next move will be significantly upwards.
8. Lastly the share price FWIW is 25% higher than a month ago and 55% higher than two months ago. I can live an incremental share price increase of 25% a month!!!