Nathan,
It is not negativity, it is reality! The negativity is in the "system".
Yes, I am disappointed. Disappointment is the outcome of expectations not met. I foolishly expected a "free market, open price discovery mechanism" in play.
I was not prepared for a rigged, computer generated strategy, with ample resources to be dominating the market especially in the PM sector.
I am always happy to accept a failure (and learn a lesson), when I have erred.
The only error I have made is in believing in & investing in the ASX. Yes, consideration is given to possible losses for the wrong decision, and I accept that.
But what is happening now is no more than a rigged market. Worse still, it is common knowledge. Why accept the responsibility of this and say you/we are negative? My investment in SVL has been positive, and I stand by it.
My big concern is the indifference to the rigged market by investors, who then claim that they are being negative!
Nathan you also say;
"The share price is at these prices on extremely low volumes and it shows that the floating supply is getting lower. Once that is done, SVL will retrace, in my opinion."
The "floating supply" does not get lower. The BOTs are the "floating supply"! They will remain there until they are good and ready to leave.
I'm just surprised they haven't pushed SVL to the 12-15cent range. It would have been easy enough on the volume in the last week.
Cheers to all Silver Bugs. Never mind, silver will still shine!
Denys
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $248.8M |
Open | High | Low | Value | Volume |
16.5¢ | 16.8¢ | 16.0¢ | $285.0K | 1.730M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 2358697 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 64073 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 2358697 | 0.160 |
28 | 1637608 | 0.155 |
43 | 1521914 | 0.150 |
18 | 1026896 | 0.145 |
14 | 867384 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 64073 | 3 |
0.170 | 1287552 | 15 |
0.175 | 3006720 | 21 |
0.180 | 2338229 | 22 |
0.185 | 1118506 | 13 |
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