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28.5¢ dacian gold limited

Ann: Becoming a substantial holder, page-124

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Greenflint

1,805 Posts.

692

04/05/20

10:22

Post #: 44415681
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Originally posted by Foomonk: ↑

Good morning guys,
Generally speaking,a "breakout" happens when there is at least 1 (new) big buyer jumps in. But the problem with DCN that there are already too many major share holders! That's why it's very hard to see price pops,unless some of them want to increase their holdings!!! We can't do much,because the majority of the 29% holdings won't sale AT THIS PRICE. So,let's say 5% of that 29% is willing to TAKE HUGE LOSS,then the chance prices go up is still zero. And because the majority of NEW retail buyers are not that as Greedy as we wish,prices goes side way is not suprised to me. So,bottom line is,when (not if) there is a breakout in price chart happens,I wanna see IT comes from the major share holders group,instead of retail buyers. Because of if it comes from Retails,it will die fast! Very fast. As fast as within 1 session! So,guys...Don't be too happy yet because of there is a breakout,unless it last at least few days.OK.

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I will add that a major player (be it existing or new major player) will come in and scoop up the DCN shares once he or she had done the homework and recognised the low valuation of DCN. It is just a matter of time. Meanwhile lets just sit tight and wait: the shark will come!!

DCN Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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