John Young buying 750k on-market across 12 and 13th of Dec by spending $196k. Massive green tick. John Young knows a thing or two about lithium projects and if he's emptying his wallet to buy on-market, its a massive green tick. This 50-75% on-sale bargin probably won't last much longer. How much longer, I don't know.
I'm surprised the market hasn't responded more favourably. I can only guess that a portion of the 2-yr escrow money wants to sell out and has yet to complete their sellout. They are more interested in completing the sellout and gaining cash than the price received. At some point they will finish selling their shares because they can't have unlimited shares to sell. Then the question then becomes whether other sharesholders continue to sell out of fear about the low price (cutting losses), or whether selling dries up and the share price goes on a turbo run. A few days of high volumes will help because if there is a fixed volume to clear, that's the best way for it to occur.
GT1 Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
