CFR 0.00% 0.6¢ cluff resources pacific nl

Previous activity have seen many sellers dump into the risng SP,...

  1. 99 Posts.
    Previous activity have seen many sellers dump into the risng SP, it looks like someone is wanting to keep the SP down, not sure why this would be given it can't get much lower and there doesn't seem to be any obvious accumulation type buying going on. The buyers aren't coming up to meet the sellers and are happy to wait for the sellers to come to them. Keep in mind, there are many units out there (over 2 billion) and there many long term holders with long memories who are sitting on a current capital loss (on paper).

    I am also kinda surprised the SP hasn't moved more than it has, it has been very stubborn and just doesn't want to go past 0.01 even though we have had some very promising announcements. The fundamentals look good with the Madagascar gold venture, just a matter of being patient imo.
 
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