Small cap stocks rely on news, deals, drilling in order to rerate IMO...
According to a few holders who watch the top 40 monthly,,,the large seller had very few shares left a week or so ago....
So, the should mean less supply which should support a higher SP IMO?
Question for me is,,,,if big seller is nearly off register, who do all the sell bids still left belong too?
Will the big holders start to buy more since the big seller is no longer a shareholder?
We have already seen some big buyers at 1.9 and lots of props which shows that someone want MNM to go higher and demand to overtake supply....
Will Mnm rally on news or before news is my question???
I think people are still wondering when IK plans on raising cash. Looks to me like he is waiting on news or he has a plan( I hope)
IMO, we could well see lots of green very very soon...
I say this based on the seller running dry, more big buys/ props/ potential of big deals for Mnm soon like exergen demo being started in morewell, Shanghai electric plans in Lv, Aldo news in May or June, and Lv tenements to be granted still.......BCP seems to be on track imo??
Good luck to all LT holders,,,we deserve big rewards
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