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clock Created with Sketch. 05/11/22
11:27
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Originally posted by imback:
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Well, as you can see the SP has done nothing for 3 years, in fact ppl are sitting on losses for many years. Many would be happy to get their money back as the SP moves up to close where they bought or where other keeps selling (resistance levels). Now, to attract new buyers to allow them to sell to, they needs some 'news'. Cue, some rumours about a mining license application that if granted would dwarf their current SP and MC. So anyone that believes that will be happy to buy those at these prices given the potential reward. The more truth there is to this rumour the more volume and interest we would see.
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Ah Brilliant! Thank-you! It makes sense now given the high share price back in the day.
