The Straight forward answer The option expiry date of the 30/11...

First 1411 Last

Share
Profile

Follow
readyaimfire

12,797 Posts.

1684

24/11/22

02:25

Post #: 64953157
Share

Originally posted by malvernmoe ↑

You're not following what I'm putting to you.

If you believe there's nothing amiss than you need to provide an explanation for the downtrend.

*Nutbar suggested it may be attributed to the oppies conversion, which is plausible but stop persisting with the notion that the ongoing sell down should be completely ignored because, according to you, there's no reason for it.
That's the type of retail mentality I read so often only to see those very people later contradict themselves by finally acknowledging the trading history did warrant concern.

The question is straightforward - why has the stock seen around a 30% drop in its SP over the past month if there's nothing to be curious/suspicious about?

Expand

The Straight forward answer

The option expiry date of the 30/11 with last trade date tomorrow. (80% weighting)
The last drilling announcement showing we had most likely determined the deposit boundary. (20% weighting)

Buyers have been absorbing everything without major one day price drops.

Why do you think ESS has been falling over the month?

Or maybe its the divergence in the price of soy beans vs a basket of Crapto's from the bahamas

Last edited by readyaimfire: 24/11/22

ESS Price at posting: 42.5¢ Sentiment: None Disclosure: Held
9 Upvote

1 Great analysis

Reply

Top Stories

SS1

Sun Silver unveils Maverick Springs assay results

WC8

Investors shrug as Wildcat's latest lithium drill hits fail to excite

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

SGQ

Traders watch with interest as St George Mining reveals REE hit

MHK

Metal Hawk shares sink -50% as gold drill results disappoint

First 1411 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

The Straight forward answer The option expiry date of the 30/11...

Top Stories

Sun Silver unveils Maverick Springs assay results

Investors shrug as Wildcat's latest lithium drill hits fail to excite

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Traders watch with interest as St George Mining reveals REE hit

Metal Hawk shares sink -50% as gold drill results disappoint

Featured News