Seasonal stock and has been a shocker over the last month. Drill cores spruiked by the company, buyers came charging out of the gate to get a piece of the next big thing - sell side was as sparse as it gets with very few shares on offer. Massed sellers lurking off-screen hit them with the kitchen sink - the budding run died before it had barely gotten started, and SP was driven back to the start line by a frenzy of dumping.....just in time for a surprise CR. Then it was announced that the drilling co had sold off a swag of PXX stock at 10.5 cents, before assay results announced of course. Didn’t inspire much confidence. Then the MD announced that hopefully they’ll get around to drilling the porphyry targets this year. Retail buyers would be too shell-shocked to move at this point. I got out when I saw that huge wave of selling / dumping just prior to the CR. It’s getting to be that the only hope retailers have these days is if we stumble into the next SIR by chance.
PXX Price at posting:
7.9¢ Sentiment: None Disclosure: Not Held
