Ann: Investor Presentation, page-15

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sanchopanza

486 Posts.

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12/01/22

16:59

Post #: 58811841
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Originally posted by TerribleTadpole: ↑

With an infinite array of possible reasons for today's selling, you've chosen "attempts to spook holders".

There are many alternative possibilities that seem at least as likely, and probably more likely:
Bad news out of China that we retail numpties haven't caught up to yet.
Holder(s) who have decided that people in USA and Europe are likely to be more concerned about keeping their children alive than whether they are a couple of centimetres taller.
Holder(s) who have been accumulating taking profit.
Holder(s) who feel that the supply of raw material is likely to be interrupted by the pandemic.
Holder(s) who feel that manufacturing might be interrupted by the pandemic.
Holder(s) who feel that supply of finished product into global markets is likely to be disrupted by the pandemic.
Somebody suddenly needed a million dollars.

I could go on...

So why did you pick that one?

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~3.3mil of shares traded by 12pm with some heavy buying to hit 22c, followed by ~3.7- 4 mil of heavy & panic selling. Finished with ~1.3mil of buying to bounce back to 20c. Some have made a decent 20-30% profit over the last 3 weeks, yet some still see good value in it perhaps?

I guess we won't know figures until we see the quarterly later this month. Or perhaps trade action tomorrow, today was an absolute cracker and not for the light hearted!
NGS Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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