@Motors - I appreciate your comments on this thread. However, I sometimes them a bit hot and cold.
I note that on 10 October, you stated in your post "
5.4/5.7 is obviously huge resistance however you draw your charts, HIO was never going to breech that in the current newless environment .. I'm stil not exactly sure what flushed out all that buying , I've traded a bit of my stock , will buyback low to/mid 4 cents
".
https://hotcopper.com.au/posts/70258256/single
I hope you manage to buy back your trading parcel at a price that you are comfortable with.
If you have any evidence to demonstrate that this has been "
an orchestrated pump and dump buy two retail guys" - please share it. Otherwise, I will assume that it is a guess.
I acknowledge that this is a guess also, but I think that the recent price increase was more about Regal having sold out, or nearly sold out (that's why I topped up), some optimism creeping back in based on positive announcements regarding process flowsheet and near surface drilling, combined with investor memorandum expected to deliver more positive news. The change in sentiment and increase in price broke some trend lines which attracted some traders which pushed the price up a bit more. I think today's retrace is more about a a few shareholders taking some profits (fair enough if you are trading) and the slight drop in prices meant that others also decided to take some profits.
Nothing orchestrated at all, just normal price fluctuations as nothing continues to go up day after day after day without a pullback along the way.
The fundamentals still remain as does the increasing optimism based on past and expected news.
(20min delay)