MPJ 0.00% 0.0¢ mining projects group limited

Ann: Sale of Lynas Find Lithium-Gold Project, page-105

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  1. 6,059 Posts.
    lightbulb Created with Sketch. 5
    "..way...waaaaay too much overhang...nearly 100m shares traded in 2 days didn't even make a dint..."

    Well considering it was trading at .003 last week and it traded as high as .006 this week, that is a 100% variable.

    Quite regularly, volume signals the start of a move so i dont buy your overhang theory. The amount of shares on issue is somewhat irrelevant when moving a share price. It will be the $$$$$ coming in that moves the price.

    If the market sees the value the volume will increase and so the share price.

    Cheers
 
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