This is a very easy share to manipulate. Can literally sell off $20k and drop the price ~8% at times. Someone who wants to buy up big would be clever to sell it down, rattle the market, then scoop up the cheap shares. It might cost them $20k, but it will make them 100k at the very same time.
Hold strong! Insane resources (ongoing good news), positive cashflow, undiluted shares (just $1b MC on this baby = $4 per share), and a team set on being self-sufficient. Not just another miner with 'good news' then printing tens of millions more shares in the same moment.
Our neighbours Mt Marion (ASX:MIN) went down that path of not printing shares. Instead of billions of shares at 20c each, they made theirs as rare as hens teeth. Have a look at their SP.
Sit tight, macro conditions are improving and we have nothing but good news to enjoy.
This is a very easy share to manipulate. Can literally sell off...
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.22M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 70000 | 2 |
View Market Depth
| Last trade - 16.27pm 06/09/2024 (20 minute delay) ? |
| WIN (ASX) Chart |
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