I'm expecting an effort to pump to support the underwriter dumping a massive amount of shares.Per goldscraper's post above (see snip). The underwriter got stuck with 85% of the recent cap raise - 143million shares.
The announcement will work hard to pump up nearology to OD6 - whose market cap is currently $10million. To me, the chances seem low that the company is sitting on news of a serious discovery from 4 month old drilling.
The possible upside is that the last week's action has surely got MOH on the radar of the day traders who like to work intraday momentum off news hype. They will have mutual interests with the underwriter to generate some action.But how much of a bubble can they inflate? Lithium stuff has been running hard but is there hype atm for rare earths?
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I'm expecting an effort to pump to support the underwriter...
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13 | 7566606 | 0.003 |
5 | 11188097 | 0.002 |
5 | 17300000 | 0.001 |
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