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02/10/20
15:45
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Originally posted by matrond:
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It feels like a battle of the bulls and the bears at the moment. A bull love tapped the 3c mark and it seems like new resistance is forming every time the share price increases by a pip. Will be interesting to see how it plays out over the coming weeks. I'm quite concerned about the second tranche placement being released shortly before the US election, especially after how horrendous the first debate was. Trump refusing to say whether he'd respect the election results also quite worrying. Since PM1 is a microcap, I think any market wide volatility will be less than what it is on large caps, but we did still see PM1s share price being affected during the downturn in March.
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great summary, thank you. I'd hope given the strong institutional support in the raise that they won't be unloading once shares are issued but I guess we'll see.