Hi OT,
points taken, and
I did say it's "speccie rules" that govern this trade.
However, there are two significant differences between those price spikes from 0.1 to 0.2c that you point out from the past year, and the trades on the last 3 days.
View attachment 68734
- The days when shares changed hands for 0.2c in the past were not the days with volume spikes. Volume trades were transacted at 0.1c, and only on the 8th January got it up to 20M, trading at both 0.1 and 0.2c. The other three occasions with substantial volume (30M to 40M) didn't trade 0.2c.
- In the past year, high volume or 0.2c days don't correlate with the release of remarkable news items either. One might argue that the former Focus Mineral director had joined the board in August 2015, but the announcement was made after the one-day spike, whereas the new Chairman was introduced before the onset of buying this Thursday. I also take today's news item as a signal. But I won't deny the possibility of a capital raising being announced soonish.
Interesting,
So what your are thinking is that:
The past spikes were only noise because they did not correlate with fundamental news or announcements and also that the volume spikes did not correlate with price moves.
So they are not as important were as now the volume and price are spiking together which would indicate that something is happening.
Now today, a day later there is an announcement
Just speculating to take it further then
IF someone is buying before an announcement
which means that either that is insider buying and the outlook looks better for the company or
insider buying is hoping that the announcement will drive price.
The risk is that the announcement does not drive price enough or at all, or as you said a future capital raising which could have a negative effect.
Your reasoning makes sense, thanks for sharing
Now proof is in the pudding