I am thinking that despite only limited buying right now, there could still be some reasonably sized accumulation going on. I say that because at times we can see numerous sudden transactions of say 10 to 15 varying in size, and all with the same date/time stamp, to indicate the buy was taken from a number of sellers, with even a lazy million here or there added in. Still not huge numbers though given our SP is still only around the 3.2/3.3 mark.
But yes, if positive assay results come flying in, we may see some very serious line wipes going on. Maybe even some huge after market bulk buying matched through brokers. I haven’t seen those types of numbers yet, but there will be IMO once we have something that yells, “Ho-Ho-Ho Merry xmas”
Many of us have seen that frenzy buying before. Most are FOMO retail, but every now and then BIG chunks get taken and if that happens, IMO we will know it’s game on.
GLTAH.
RDN Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
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