Slap downs are so often slapportunities :)

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robbo24

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20/11/20

10:43

Post #: 49013579
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Originally posted by CYMON: ↑

As many have suggested, the company is has a great project yet horrendously under valued. The issue with the lack of buying pressure and resultant movement in SP has been the substantial dumping of stock, first by retail (through mergers) and then by one(?) insto looking to profit a few cents. The reluctance to buy is along the lines of thought you have now noted. That a slap down will be forthcoming. And yes, this has been the case for the last several years. The last month however has seen a dramatic change in trading with significant lower volumes except for yesterday when we briefly touched $0.08. Yes, there is that resistance there however the absence of sellers willing to enter orders in the $0.07s suggests to me that the supply / demand dynamics are shifting to become more favourable for an upward movement in SP.

I do not deny that will be some churn at $0.08 and then again around $0.10 yet one must remember that once said churn ends, where does the volume come from that will allow retail and insto to buy? It will come from progressively higher SPs were volume will make itself available.

In the end this all speculation on my part, however, it is clear (even old mate stormer agrees) that there is a clear change in trading pattern. Allow this to develop and, sure as day, buyers will bid this higher given the perception of being a great project yet undervalued.

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Slap downs are so often slapportunities

BDC Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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