So let's just get this clear because it seems there is a lot of emotion (go figure)
Sophisticated investors pumped up the price in anticipation of the PEPR announcement. Many here were cheering it on.
The announcement comes as expected. It's good news and a significant de-risk to the project.
Those same sophisticated investors sell and make a tidy profit. Retail holders panic and the price goes down. The sophisticated investors then buy back in at a lower price which drives the price back up and then the retail investor, after regretting the decision to sell buys back in at a higher price.
The project is still on track and graphite is still in demand.
Nothing has changed.
Ann: PEPR Approval for Siviour Graphite Mine and Concentrator, page-271
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Last
7.9¢ |
Change
0.001(1.28%) |
Mkt cap ! $198.2M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 8.0¢ | 7.8¢ | $116.6K | 1.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 257700 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 2167703 | 13 |
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| Last trade - 12.26pm 17/10/2024 (20 minute delay) ? |
| RNU (ASX) Chart |