DNK 0.00% 31.7¢ danakali limited

I don't see too much sus about the price action as it is....

  1. 97 Posts.
    lightbulb Created with Sketch. 10
    I don't see too much sus about the price action as it is.
    There's just not much volume.
    If someone wanted to drive the price down, they easily could I reckon.
    Whack a big sell order in and watch as the price quickly drops through the meagre bids.
    There's not even 100k in the queue down to 65c.

    That being said, someone is lapping up the sells.
    You say the price could be higher, I say it could be a lot lower too.
    I've long suspected that someone is propping the price up.
    All through the last year it has been defying gravity.

    My thoughts are it is just fairly illiquid.
    We holders are happy to hold. As we can see by the limited number of sells each day.
    Someone is accumulating, but not capping.

    And once word gets out to people who REALLY want in, this will go up in leaps and bounds.

    I need a few more yet, so I'm watching every day, but I'm not in the queue.
    Hopefully the price can come my way one more time, as I feel we are getting closer to reality.
 
watchlist Created with Sketch. Add DNK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.