WML 0.00% 0.4¢ woomera mining limited

Ann: Lithium Exploration Update - Lake Dundas, page-148

  1. 992 Posts.
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    You never know mate. Could be the pumpers dropping shares at 1.9c to 2.0c back into the market. It's standard practice for them continue to pump until they have offloaded all their holdings. They would have also known that they would be hard pressed with the 1.9c to 2.0c resistance.

    Hope I'm wrong and it gets through 2.0c and some news flow can help keep us above 2.0c but gee it certainly looks like a little pump here.

    Who can blame them really. Buy at 1.5c, pump the hell out it and sell at 2.0c. That's a 33% return over a couple of days or weeks for them. That's a handy return as they don't always win.
 
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