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SRL

2.82%

36.5¢ sunrise energy metals limited

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Nrmn

930 Posts.

120

23/11/23

14:49

Post #: 71070370
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Originally posted by stanislar: ↑

0.4 percent of stock traded. The pattern of trades didnt look like an iceburg large seller trying to get a large chunk away. If you want to get rid of a meaningful bundle, you don’t keep taking out the bid with small parcels as happened last 2 days. Why would someone trying to get rid of 3 or 4 or 5% get rid of perhaps 0.2% (at most) whilst driving the price down 20% and destroying the value of the much larger part of their holding. The big players are a bit cleverer than that

IMO this was a small stale bull or two selling, plus a tree shake from an institution in a fragile, thin market.

Don’t mistake price for value longstory. You comment incessantly on the price as if that validates there being little value. When it was $3 were you holding. Did you equate that with value then? If so, is it actually worth 58c or $3 in your mind, or do you just vaccilate with the share price. You said you sold when the price was at 56c. I think that may well have been the bottom. Who knows though. But at least i’m taking a view of what i think the real value is - and i think right now somewhere between $1 and $1.50. With an equity parter deal, more like $2 plus

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And this has been happening for years, the price moves up and down in large percentages but with minuscule volume.
It doesn’t matter unless we see some real action from our largest investors or the big institutions based on some real volume.

SRL Price at posting: 59.0¢ Sentiment: Hold Disclosure: Held
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