The most interesting thing I got out of the article was this comment:
”ASIC has previously moved to deter those in the market from pumping up the Magnis share price, in October entering a Telegram group of 400 traders and warning they could be breaking the law with a co-ordinated “pump-and-dump” campaign. “We can see all trades and have access to trader identities. We can identify underlying clients and networks of connected parties, and can also analyse trading patterns,” the corporate regulator posted into the channel. At the time, Magnis shares traded at between 36c and 38c.”
One presumes that means the current share price rise and then price stability at these new highs is driven by fundamentals and is not a pump and dump!! That is a good thing…..
MNS Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held