MNE 5.26% 3.6¢ metallum limited

metallum limited, page-29

  1. 5,577 Posts.
    In all honesty, I don't understand whom is selling the stock down.

    1. Individuals who purchased the stock at a low before the recent high, would've sold out for profit margin. Unlikely at this point.

    2. Individuals whom purchased at a high would be selling for an extremely high loss. Unlikely at this point.

    3. Individuals whom invested in the company on the way down should have an understanding of the true value of the company, and the near future. Unlikely selling but holding at this point.

    The only individuals selling I would think are those trading the small 0.1c changes, and those wanting to exit the stock.

    --------------------------------------------------------------

    I think from this point, the stock will begin turning around considering we have over two quarters of funds without the need of any financial assistance, and this excludes any additional income we receive from production. Bulk sample results are imminent as well as our first profit statement. We have reached a strong support, and as I pointed out earlier, not many types of seller exist to keep this stock down.
 
watchlist Created with Sketch. Add MNE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.