I think your last paragraph sums it up Anna.
There was quite a lot of traders on this looking to make some quick money. They buy in low, ramp the company up on Twitter or HC then get out before drill results to take a profit. It's always a risk that poor drill results will see a price drop so taking the profit before drill results eliminates this risk.
Only thing I consider with this one though is that they have held pretty long as results are due so maybe my theory above is wrong for this dump. Maybe just impatient holder or a few holders taking a nice profit and seeing other opportunities. It's hard in spec world to hold and be patient when you watch other companies going on a run!
Our time will come! I am not selling till production. To me it's less stressful to just hold knowing price will eventually jump up. No doubt there's a lot of progress going on behind the scenes. Keen to hear about plant upgrades, the idea of the plant upgrade, employing staff and starting up processing excites me ! Market will wake up. We are nearly into 2021. Time is flying!! GL.
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I think your last paragraph sums it up Anna. There was quite a...
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Last
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Change
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Mkt cap ! $4.322M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $4.929K | 1.232M |
Buyers (Bids)
No. | Vol. | Price($) |
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35 | 25421059 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 16555731 | 16 |
View Market Depth
No. | Vol. | Price($) |
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35 | 25421059 | 0.003 |
14 | 49633666 | 0.002 |
12 | 75655000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 16555731 | 16 |
0.005 | 17640212 | 13 |
0.006 | 11738852 | 10 |
0.007 | 2386818 | 3 |
0.008 | 369843 | 2 |
Last trade - 11.39am 13/05/2024 (20 minute delay) ? |
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Open | High | Low | Volume | ||
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Last updated 14.00pm 13/05/2024 ? |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
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