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26/11/20
12:44
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Originally posted by DoubleL:
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I believe there will be a CR before Xmas and hope we can get it done to add certainty and some confidence for investors. They need to get Peak Asset Management on any raise as the kings of the pump. A pump is coming I’m sure of that just not the extent and what price they will raise at. I imagine a few shares will be bought in anticipation as a raise literally could happen within the next week or so as it’s better to do it before Xmas rather than the first few weeks into Jan. The last CR was on the 28.4.20 and I see they dropped news on the 8.4.20 and on the 9.4.20 to help boost the CR price. The news on the 8.4.20 saw the SP fly from .008c and up 14 pips that day to a high of .022c - that’s a massive 175% swing in the day to help boost the SP prior to the raise. They’re not stupid they know they need to raise the SP prior to any raise so my bet is we get some great news. My money is on this scenario playing out so hang tight. Good luck DYOR
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I totally concur IMHO.