Hey guys, your responses to my question have helped me take a closer look at the risk/reward of this stock and have helped me decided to top up substantially yesterday and today. Thanks.
Of course I also have asked myself about Pangaea's holdings and selling activities and come to the belief that JB has not sold any single shares since the last update of her holdings position. At more than 10% holdings she has to report every single share that she buys or sells and we have not heard anything in this respect since the last one. Therefore i strongly believe she has stopped selling and may have decided to hold her shares from now on. The selling over the last 2 weeks is simply a result of people selling out of fear that she would keep selling down but it is now obvious that it is not the case.
We will know if she will sell more or not when sp moves back to 17c in the days ahead as this was the point where she did her selling aggressively last time. If we dont see selling pressure at 17c-18c then i believe this stock will move back to 25c-28c very quickly. And onto new ATH after the next USD $10mil deposit which i expect to be mid-November and probably some drilling/pilot plant concentrate updates.
I believe she won't sell her shares this time as her emotionally charged head settle down and now she sees the chance for her shares to make a much bigger profit 6 months, 12 months or longer run down the track. Also maybe she needed to cash out the money 2 weeks ago for whatever other ventures that she was involved with as someone pointed out before, but she does not need now.
This stock can get to ATH again as soon as the market is convinced of JB holding on to her shares for longer run.
