@Wintersun The incentive for the bot is to accumulate prior to the DD drilling, keeping a lid on the sp until they've got the holding they want . they are also providing liquidity for those that want to exit. Whilst the DD results could be company making as we all want,,its t not the be all and end all given the district scale land holding along geological strike. So lots of opportunity for price recovery if Achillies is DD dent come up trumps. So safe for bots to accumulate which they seem to be doing forcefully since Monday opportune global rout.
And if the DD results are stella the bots can assist in pushing the price to fair value in a more orderly trajectory than retail tend to do. On the flip side, the bots can stabilise any sell-off if the results disappoint.
"I wouldn't be surprised if this suddenly jumps back to the 30c range in an extremely short timespan.." - agree,, the sell side can thin out quickly The bots are making the most of the prevailing market fear to soak imo They know the market will turn to 'risk on' mentality, and the risk at these levels is limited by large cash position, a stake holder with deep pockets offering exceptional terms, and lots of shots on target from the 80km of strike, and no geopolitical risk
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