A pump and dump is when the share price rallies and then declines on the back of a 'shallow' fundemantal announcement. I do not believe a maiden JORC of 220Mt of concentrate to be a 'shallow' announcement. It is company defining.
What we are seeing right now are weak holders bailing at unthinkable prices. If someone told me last Friday me we were heading back to the low 70s in 3 days time I would have told them they were dreaming.
This will bounce hard and fast once buy strength comes in. The other day I think I valued CAP, at the bare minimum, around $93M in market value, a share price of 95cents. This is currently at 74cents, go figure....
sp 21/12/2010 and > , page-21
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