Perhaps you're right @Hiddenvalue, although, thinking a bit more...

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GravityWaves

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21/08/20

13:37

Post #: 46719531
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Originally posted by Hiddenvalue: ↑

"is current price weakness due to disappointing results known to insiders, so far from Williamson pit they are relying on for next 12 months cashflow? Hope not."

Now, maybe i am looking at this statement to simply Gravity to reason that this poster thinks the SP is where it is due to insiders knowing that there is currently dissapointing results.

Therefore in order for an insider to affect the price of a security up or down from insider information would require an insider to iether be buying or selling on that information or telling others to buy or sell on the insider information obtained.

It is only on this assumption you can then use insider and price of a security in connection with one another in a statement.

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Perhaps you're right @Hiddenvalue, although, thinking a bit more broadly about @hightrax's question "is current price weakness due to disappointing results know to insiders", there's substantially more 'Outstanding Drilling Result' announcements compared to 'Production Update' announcements.

According to Milan, the Jun'20 quarter was great success because of the drilling program....

Any suggestions why insiders (i.e. management) prefer announcing 'Outstanding Drilling Results' rather than 'Production Updates'?

Last edited by GravityWaves: 21/08/20

WMX Price at posting: $1.25 Sentiment: None Disclosure: Not Held
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