I was also wondering that.Question is : was the bump insider trading before good news, or manipulation before capital raising
Bumping up before capital raising is good for the capital raising itself aka the company which has obviously a lot of leverage on the SP, via leak f.e.I was also wondering that.
usually if there is a capital raising , it is at a discount to the closing price.
Why would anyone bid the price up knowing there was a cap raise coming up at a lower price?
Unless of course the injection of capital is coming from an entity that has ambitions to buy the entire project.
mick
Usually when a cap raise is done, the middle man goes around to the instos, profs and sophs to ask them if they will huy in and at what price.Bumping up before capital raising is good for the capital raising itself aka the company which has obviously a lot of leverage on the SP, via leak f.e.
Give it a month and if we do not forget while gorging on glazed hams and pavlovas, we should get the answer,!Usually when a cap raise is done, the middle man goes around to the instos, profs and sophs to ask them if they will huy in and at what price.
Once its organised, then they go out to the public.
It must take more than 24 hours to get this organised, so who is doing the pumping?
Is it the instos, sophs and profs who already have a chunk locked in at a lower price?
Is it just plain dumb luck?
yesterdays volume of 8millodd was not much more than an average day.
28Million changed hands on 15th November, that was big!.
Jury still out for me.
Mick
I wonder if the "binding" agreement was agreed to be let go on the proviso that Rick Rule could be guaranteed a chunk of the new shares at 0.092.So, $25m to keep the lawyers lights on.
And the deal they made for the $30m they supposedly raised in July has been cancelled. I wonder if that means Rick Rule and his team have left the room and decided to invest somewhere else with more confidence. Like Mali.
View attachment 189125
Whats the chances that the 25 mill comittment falls short?So, $25m to keep the lawyers lights on.
And the deal they made for the $30m they supposedly raised in July has been cancelled. I wonder if that means Rick Rule and his team have left the room and decided to invest somewhere else with more confidence. Like Mali.
View attachment 189125
Woof woof.Picked this POS for the Jan comp after I flipped a coin and it landed on it's side.
My next door neighbour's dog told me that something was alive and on paws so I've put the dog house on it. Woof.
Also picked this as one of my yearly plucks. Surely they can identify a power line corridor to Mudgee in the next 12 months. The major risk will be Plibo finding a blue banded bandicoot living within 1000km of the mine site.
Whats the chances that the 25 mill comittment falls short?
Why would someone buy into a stock at 0.092 when you can buy on market today at 0.079?
resisting the urge to buy in at 0.079.
Big queue of buyers at 0.079, not so mnay sellers.
If some of the sellers capitulate to the buyers, it will go lower.
Could be completely wrong , but keeping my powder dry.
Mick
I don't know about the fundamentals but I've had a few mo-mo charting punts on this dog and it has always disappointed.Whats the chances that the 25 mill comittment falls short?
Why would someone buy into a stock at 0.092 when you can buy on market today at 0.079?
resisting the urge to buy in at 0.079.
Big queue of buyers at 0.079, not so mnay sellers.
If some of the sellers capitulate to the buyers, it will go lower.
Could be completely wrong , but keeping my powder dry.
Mick
SVL hit a 52 week low today.
It opened high and wemt as high as .081, now its back to 0.076 with a few trades at 0.075.
Still not convinced it has turned, but am keenly watching it.
Silver had an up day today to 29.66, but the sellers have control.
Looking to buy on the way back up.
Mick
The fall in % is scary, i have firm SL either in value or % and i had to let goDown a few K on this gamble now. I hope that someone in the know isn't slowly dumping shares. Hard to believe that a power annex is all that's stopping this from being approved and when they produce one, it will. Holding grimmly, selling at 14c, unless something else dramatic happens.
View attachment 191615
A brilliant start Sean, but may need to double check where the mine site is, I think it's further from Mudgee.
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