Could be wrong abc but I believe our friend
@NTE was referring to the lack of vol as not supporting the game playing assumption. Whereby on the day in question there was only 200k traded, not millions, but unfortunately this was down a pip.
Which is a 20% swing each way at these levels & a fair old lift & drop value to the portfolio when one holds a few I do admit..
The fact that there is not the vol to imply that somone/somentity drops a few into the buy line at a tick down in the hope of gobbling up a lot as others get tricked into the 20% drop gap and spontaneously sell supports the counter claim of BS.
If they are accumulating in said fashion then they have the patience of Jobe in doing so because the news interest vol spikes are few and far between.
Will be interesting to see what falls out of the latest program of drilling and assay results. Also the ground up in the Pilbara shows potential to be a key piece in the current rush for control through the new lithium corridor.
Geological modelling & fresh understanding of the lithology in the Pilbarra craton to the East of Port Headland would support a possible continuation of the events in question that gave rise to the formation of lithium that others are now rushing to get a piece of.
The latest being Chris Ellison buying KM1 on market so as to take a position & possible control down the track.. Always good when you have the WA billionaires club scrambling for control of things. Creates a healthy environment for things to really take off if & when the stars align..
Right place, right time being as much a catalyst for explosive growth as pure fundamentals alone & the pull from China for lithium through traditional Iron Ore supply channels already in place is a strong argument to have a wee punt on.
gltah h8tey
