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11.5¢ valence industries limited

"There have been some deliberate attempts to drive the SP down...

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raiderup

27,363 Posts.

82

30/11/14

18:31

Post #: 14381070
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Originally posted by m0ngy ↑

Yes the lack of buyers relative to sellers is a worry but sellers have not been willing to trade for under 50c recently. There have been some deliberate attempts to drive the SP down and then buy at cheap prices but the market seems to have woken up to that and isn't selling on stop losses. Also agree that the mine life is not well defined but every time the company expands its drilling program they find more. The higher grade including the arterial mineral is significant. Delays and a lack of information to the market have not helped the SP and the level of trading is insignificant. On Commsec today less than $5K traded. Hopefully we will see the regulatory approval and the BFS before too long now and if positive the SP should do well. I felt personally more confident after speaking with Chris Darby, he has an impressive grasp of the challenges ahead and a willingness to innovate to make the company a success. I was left with a strong feeling that he will succeed and make some $$ for us.

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"There have been some deliberate attempts to drive the SP down and then buy at cheap prices"

Some of us have been aware of this from day one,you crack me up.

Raider

VXL Price at posting: 50.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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