TRH is a low liquidity stock, and as such can be easily...

TRH is a low liquidity stock, and as such can be easily manipulated in the short term.

This afternoon's selloff looks like the sucker punch, 52 cents to 44.5 cents in a short period, somebody dumped, and it was probably the traders/brokers who have been accumulating over the last 2 weeks, forcing the price up since we were at about 30 cents.

It looks like they had a 2 week horizon, or thereabouts, and they picked off everyone within the 52 to 44.5 cent range, nice and easy, in one short play on a Friday arvo.

I am wondering now if they still have some of their short term trading stock left to sell. They stopped at 44.5 cents and refused to accept 42.5 cents, which was the gap down.

If they have stock left, they will probably wait for Monday afternoon, hoping it rises to 48 cents or above and then dump the rest.

This is all supposition of course, but it just follows very similar patterns we see over and over again on these low liquidy small caps.

The same thing happened with Aguia recently, in fact, seeing as both these stocks are Potash, I would not be surprised if it was the same traders/brokers involved, at least it looked like a very similar mode of operation.

It can be very strategic and profitable to sell on the rumour, if you get in on the rumour cycle early enough, it also happened recently with CEO, and many other stocks.

I do not think it will have much of a long term effect on TRH, these guys make their money, and move on, initially the price drops and you may see a temporary loss in our portfolio, but if the stock is fundamentally sound, then it will recover within a reasonable timeframe, and those losses will be gains, albeit maybe less than you would have wished.

TRH will get permission to drill 4 holes, and they will indicate significant quantities of Sylvinite, they will probably then JV the project, but by that time the share price will most likely be nearer a $1, and that could be soon.

Gw