Very hard to say, I did buy more SPI at 7.3c last week and could have got it up to .5c cheaper had I waited. There is also another entity in play in which prices have had a similar downward trajectory.
A very lose take on this, but I think the news of a merger makes the long term holders excited and the short term anxious, therefor trying to dump stock before the merger takes place in an illiquid market.
Hopefully that leaves us with a majority of strong holders once consolidated, so it restricts any new investors to buy at a more appropriately adjusted price. After all, the only way the SP can go down is if someone is willing to sell at that price.
I believe the PFS and extended resource is what will help raise the price, the M&A might just bring a bigger audience.
All IMO only, but I try to keep a healthy balance of optimism and pessimism when investing.
SPI Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
