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clock Created with Sketch. 22/11/23
11:32
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Originally posted by ggwill:
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The way share prices of small cap companies move is a joke. People keep buying and selling shares based on past price movements. It has been going down, so sell sell sell. It has been going up, so buy buy buy. When too many people do it, buying on fundamentals seems futile. With EM2 it went up like 10 fold when the debt associated with the mine was already there. The threat of a cap raise has always been there. Yet it has come down like 95% from its peak because?
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I think EM2 is hammered like this due to its tight register with C Bass owning a big chunk and its low liquidity. On the flip side when sentiment turns, the opposite will happen (as it did when it when to mooned to $1.30 a long time ago now).
