"He has about 3 million shares at the moment, I think if the price is right, he might consider a takeover offer over the next 12 months? 10x from IPO is $2. Give or take $2.50 might be the right price if an offer comes in over the next 6 months?"
spoken like a true robot .
Oh right ' Yep ' that's $250 million for the whole company , or , 0.25% of the in situ value of the metal outlined in the MRE & we'll through in the other 8 projects as well as the entire Mulga Tank, Complex , The VMS Copper/Zinc & the flow channels .
That's what happens when you agree with it jimmy , it halves it, agree with it again and see what it comes back with.
The hairs on the back of my neck literally stand up every time I read something that ''911 Sell / Not Held, The top 20 holder" has written jimmy (I'm not joking).
It takes a certain kind of cold bloodedness that I don't posses to run an operation like the one described below , but if I did , I would be probably make a similar statement to that one above .
Trend-Following Algorithms: Algos are designed to capitalize on momentum or trends. If the stock has been in a prolonged downtrend (leading to that all-time low), these algorithms can be programmed to short the stock or sell on any upward blip , like the announcement. A long-running algo could have been steadily pushing the price lower, and the news might trigger a quick "sell the bounce" response rather than a reversal.
Volume-Weighted Selling Pressure: When an algorithmic trader has been active for a long time, it might be systematically unloading a large position (e.g., on behalf of a fund or institution). A big announcement could increase trading volume, giving the algo an opportunity to offload shares into the brief surge of liquidity without tanking the price too obviously, yet still contributing to a net negative move.
Stop-Loss Triggers: Algos often monitor key price levels. A stock at an all-time low might have tight stop-loss orders set by other traders or built into the algo itself. The announcement could cause a brief spike, triggering these stops and prompting automated selling that overwhelms buying interest, driving the price back down.
Sentiment or News-Based Algos: Some algorithms scrape news and social media to gauge sentiment. If the algo has been tracking this stock for a long time, it might detect lingering negativity (e.g., from the all-time low context) and interpret the discovery as insufficient to shift the narrative. It could then sell or short based on historical data showing poor follow-through on past "good" news for this stock.
Market Manipulation Speculation: If the algo’s been active for a while, it might belong to a player (like a hedge fund) with a vested interest in keeping the price low , perhaps to accumulate shares cheaply, force a buyout, or profit from short positions. A negative reaction to great news could fuel suspicions of suppression, though proving this is tough without hard data.
Overriding Human Sentiment: Algos don’t care about the emotional weight of a "world-class" discovery. If their rules prioritize technical indicators (e.g., moving averages, resistance levels) or macroeconomic factors , they might sell into the news regardless of its long-term implications, especially if the stock’s chart looks weak after a long decline.
The presence of a long-running algorithmic trader suggests the stock’s price action might be less about human reactions and more about automated logic interacting with a battered baseline. If the algo’s been grinding the stock down to an all-time low, it’s likely entrenched in a bearish stance, possibly amplifying the negative reaction by selling into any rally the announcement sparks. This could drown out any organic optimism, at least in the short term, until the algo’s influence wanes or its strategy shifts.
In other words guys n girls there is someone using technological muscle to sabotage our brave little company and has been for a very long time so I guess we need to dig in until the algo’s ''influence wanes or its strategy shifts.''
I don't know anything,
(20min delay)