I have been looking at this stock after the close, and I cant see what has changed since the last presentation in late November to take it down 30%
Scenario analysis:-
1. The quarterly is going to be terrible, and somebody already knows this
2. Retail investors are spooked by the lack of dynamism and patchy communication from management
3. Price is being deliberately suppressed in order for a large holder to accumulate
4. Large holder is suppressing the price in the hope of picking up cheaper stock in a cap raise
5. Management are selling their holdings because they know of problems that we dont
6. Price suppressed by potential takeover predator...
My Take (if its worth anything...Happy to hear from other opinions):-
1. Possible, but what would be new about that with this stock?
2. Also possible because the move has not taken place on large volume...But seems too relentless to just be diminishing confidence..Especially with such up beat commentary from management about 2022
3. Highly possible, but again a lack of volume is problematic
4. We all know a cap raise or two could come this year, and when there is a holder of a couple of hundred million that the difference between 3 cents and 2 cents could mean a lot of cash.....Could be a very lucrative strategy on the small volume it has taken to get thios stock down here
5. They would have to tell us under the constant disclosure rules wouldnt they?
6. You couldnt buy the software for anything like the Market cap atm. You would also get the client list and a window into the competition...Hmmmm
Seems a bit obvious and clumsy for a professional organisation to be involved in that kind of behaviour...
My money is on number 4...
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EQUINOX RESOURCES LIMITED.
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