Likely a small fry playing games to try & shake the tree for some further accumulation, he/she will be hoping a seller chases the .036 & he/she will oblige & buy them.
The real manipulation was done October/November 2018 from 7c to our home of .038c a share since on average.
The real manipulator won't worry about $41 trades for a cheap scare of a pip, he/she will ensure as they have done that there is a healthy continuous 500,000 unit wall below 4c imo.
Forget Brad Boyle as the root problem, instos & genuine investors will sort the poop from the clay very quickly distinguishing the difference between then & now.
Institution investment will likely come after financing, keep in mind though that global confidence isn't at an all time high so the real big $ may come once demand for supply is guaranteed.
Syrah are a proven example of what can go wrong post financing, I'm a great supporter of Triton as you all know however I do not live in fairy land. Even with a mine built Triton will likely need to demonstrate it's ability to successfully mine & sell 40,000-60,000t per annum & generate initial cash flow before the major biscuits are invested.
Would you risk people's supers on a new speculative market & sleep? Or wait for all the ducks to line up?
Could be wrong but I think finance will land exactly as Peter has laid out. We will then see a fair re-rate to 15c shortly after. A build up to 35c towards commissioning of the mine.
In 5 years $2-$3 once the market has proven itself and earnings per share is obvious to the market big fish with Ancuabe in full swing whilst developing further projects like Nicanda West & Nicanda Hill.
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Open | High | Low | Value | Volume |
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7 | 1102111 | 0.009 |
5 | 10485363 | 0.008 |
4 | 795619 | 0.007 |
5 | 1216475 | 0.006 |
Price($) | Vol. | No. |
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0.011 | 495024 | 1 |
0.012 | 1113311 | 7 |
0.013 | 700000 | 3 |
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