of course the longer this lasts, the better, but its still not enough yet.
The big sellers trying to get out often buy up their own shares to pump the volume. Could be happening today.
The point is on this amount of volume (150million) compared to the sellers on the market depth in close vicinity (10 million) they should be chomped up by now, but they havent been touched.
There's plenty of sellers, still jumping in on the buyers, and this is what usually makes these huge rises like 30% worth almost nothing a week or so later.
The announcement is still much better than anything recently, but there's alot to be read up on.
IMO the market is headed lower too, so this will drag on the specs.
If it goes down below 7c again (give it a month usually to fall back) I'll probably buy more.
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- this happens every few months then back down
WMT
western metals limited
this happens every few months then back down, page-8
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