Phone call/ Discussion with WW, page-9

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sachz

11,427 Posts.

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21/10/16

12:55

Post #: 20028572
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Originally posted by greenmetals ↑

Many thanks for posting.

Quote: "I can say however that there has been no "gas leak" or substantial changes that need to be reported, for this I must say that I was wrong to assume what I did and apologise, but as my right to see a top 20 shareholder list I just wanted clarification to which he agreed was justifiable."

I am not naive.

Retail have sold substantially this year. From 7c to 35c is a great result, let alone 7c-49c. And because there's been no institutional buying this year except gas fund early on, the emotional "hotcopper crowd" can easily trigger a sell off. Add to that the day traders action and this stock is vulnerable to what people might call "games being played"...

My point: we need institutional buying after the JORC. As long as those larger funds are not coming, there won't be enough buying power to get the MC to 100M and higher...

It's actually quite simple: no new institutional buyers after JORC means another sell off is on the horizon.

I am not naive.

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Then we have a problem, Houston, as many institutionals won't touch us until we're part of the ASX200/300 club and only two Lithiums got into that only last quarter (marginally), and our MC first needs to grow 10x fold organically on its own before the above can even be considered to happen.

QED. Make it so...

BGS Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
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Phone call/ Discussion with WW, page-9

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