I have a theory on IMA share price over the past several months.
When we were in the .30s, we saw numerous small trades, who I believe were small holders deciding to bail. We then moved into the .40s and then the .50s and the same pattern appears to me. No big sellers, or buyers to speak of. Now here in the .60s it continues, though soon I expect to see the .70 level broken. So my theory is that we are slowly soaking up the small holders in each range. I don't know how long this will continue, at what range the SP will breakout. I would think that when the new resource statement is upgraded, and it's as good as we're hoping, we will have a major advance.
Any ideas out there?
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