1: The LoveGod believes a long term holder may have simply had a strategy whereby they would take profit once the Mining licence were granted - (sell the positive news). Jan 19th--- The unfortunate thing was the TDG sale fell through the same day, so instead of having the stability of fresh buyers who were investing for the re-opening future to take the other side of their selling trade, those buyers have held back as the financial situation is yet to be resolved.
2: Punter's like Twitter clown Unemon One did have substantial stakes & it's clear he was getting out also & most likely all his 11,000 followers punting along like little sheep behind him.
3: The longterm holder getting out would simply say to his broker each morning ; "you have X number of shares to sell each day @ market " -- the price is irrelevant as they have probably been long-term holders with cost prices in the 30-40c region. Their decision doesn't change from day to day & isn't based on what the daily price is or what the Gold price is doing. --- they have just made their decision in advance.
** So... it's just a bump in the road long-term.
** So... Ross the Boss will get Funding eventually and the long-term investors will come in once he announces this, i think we can all understand this. This will clean up all the remaining selling from whoever the profit taker is..
NEXT: we then have a clear pathway to production once funded ! The only people left are long-term Jacuzzi laying Dividend accepting LoveGod's of this world..
$253 Million market cap is tinny, that's all we need to focus on whenever you panic & want to sell, we have 2 big processing plant's that would cost more than that to build!
We have a 13 year dividend paying history.
We have technical Experts on the Ground in Thailand who can Run things & have been doing so successfully for 17 years!
It's always darkest before dawn, it's always a flushout before a rally..
Nothing but blue sky's ahead........ What about if Ross the Boss surprises the market with a Neuva Esperanza sale and suddenly the cash position goes from zero to HERO! HERO! from Zero!
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- $1.18 gives us a tiny market cap of just $253 million - some thoughts
$1.18 gives us a tiny market cap of just $253 million - some thoughts
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Last
$1.57 |
Change
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Mkt cap ! $403.3M |
Open | High | Low | Value | Volume |
$1.56 | $1.59 | $1.54 | $457.4K | 293.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 4661 | $1.56 |
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Price($) | Vol. | No. |
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3 | 11016 | 1.550 |
7 | 35361 | 1.545 |
3 | 38079 | 1.540 |
3 | 7514 | 1.535 |
Price($) | Vol. | No. |
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1.565 | 1377 | 2 |
1.570 | 6150 | 3 |
1.575 | 53741 | 5 |
1.580 | 42650 | 3 |
1.585 | 4300 | 2 |
Last trade - 15.48pm 06/05/2024 (20 minute delay) ? |
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Last
$1.55 |
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Change
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