My take;
They did the opposite of what LRS does, Solis over promised then under delivered. The market then overreacted twice, once as a big sell and once again as a not so big buy back.
When I say "Solis over promised", I infer that their promise was nothing more than the ambiguous suggestion there was a large lump of cheese. The market itself and the individuals in it created and spread the form of almost mass hysteria that formed the resulting bouncy line.
I suspect that this almost cultural volatility may stay with the company for a period as news comes and goes, making it a target for short term trading which could amplify more extreme MC movements.
We know there's cheese there but not how much, nor what kind.
Its been quite a ride so far, the money that must have changed hands based upon 2 drill cores would be staggering, it could be enough to purchase several tracked drill rigs lol.
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1 | 10000 | 0.085 |
1 | 12345 | 0.081 |
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