Despite all the comparisons to other similar companies we have been stuck at these levels for some time time despite our prospects which IMO are amongst the best amongst the juniors on the asx.
My view is with the number of shares in issue we are being plays with by big traders who are happy to absorb large quantities , then release the reins a pip or two and offload at a 20-30% profit which is fantastic money of you can do it. Hence why we haven't seen any shareholder notices. Regardless of all the commentary around its about mc not shares on issue the fact remains with billions of shares its much easier to be a trader at these sp levels and make decent coin then it is on a tightly held register, each to their own
However I have a feeling and agree with GB that the reins will be loosened shortly and we will see a steady rise as we get close to the pointy end of this project , once momentum shifts we should see some nice movements and the FOMO kick in as we must be one of the best located lithium plays on the market that hasn't yet moved
Good luck all we might see a move as early as today
Good luck all
MPJ Price at posting:
0.6¢ Sentiment: None Disclosure: Held