""##The opposite actually. Every time there’s an announcement, especially an encouraging one, the SP starts its expected upward rise only to have someone trade a big bundle at a lower price and knock the SP back down.##""
Perhaps you are right and perhaps you are not.
Reason being that, usually, when that happens, someone is more than willing to get out of his holdings as he/she is getting sick and tired of the constant shemozzles going on , let alone the constant run around. Large shareholders/investors seem to know what is going on with a company more than what some smaller ones does.
My suggestion is that you keep that in mind and keep also in mind what some baseless rampers can do with some poor newbies too with their sweet talks. Some of them they are so good that they could easily fall within the category of top salesman which are capable of selling bare sands to some Nomads Arabs living in the middle of the Sahara Desert. Hence why, when I see that happening, in more case than not, I just walk away, and this is not different than others....I have learnt through some very hard lessons in the past, let me tell you.
You can take it or leave it at your pleasure, but my suggestion to you is that you keep that in mind at all times.
And then you are saying the following:
""##I would think that with what’s been announced in Cloncurry alone that a cash rise isn’t necessary short term for future drilling etc. There’s a lot to this company##""
Let me tell you, if I may, that those same things/words were said constantly in another company trading under the name of CDU and look at where they are today.
Cheers and most importantly, DYOR, but do a good one.
AMG Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
