CST 0.00% 7.5¢ castile resources ltd

re: chart for interest / all No problems Ted,I agree with much...

  1. 4,086 Posts.
    re: chart for interest / all No problems Ted,

    I agree with much of what you say. I am also one who would prefer that this stock attain it's destiny on facts, rather than rumour. As you say, one of the key ingredients here is the management. They are very open and accomodating to enquiries. They have stated right from the beginning that they are not interested in driving the share price. What they are doing is putting the work in to building a valid, viable, profit making company. The company has now achieved a number of significant milestones but they seem to be at pains to not use these to create artificial spikes in the price. It is quite different to many other companies listed on the ASX. Even when the Directors shares came out of escrow, they immediately put the vast majority of them back into voluntary escrow. How many other Directors have done that?

    As to traders. I bear them no ill-will. They are entitled to attempt to make a profit. It is just that, with this one at least, I am much happier to be an investor, in for the long term.

    It is always hard to truly judge what is really happening with the shares that change hands on the market. However, I am not sure that I agree with your feeling that much of the stock movement has been traders. My feeling is that there has been a significant seller in the market for some time now (It has been suggested on Ozestock that this may be Portfolio Partners but I have no way of knowing for sure). On the other side, however, I believe that many of the shares have been ending up in "safe hands" (perhaps sometimes after a quick pass through traders hands). I do suspect that CST may even be starting to "blip" on the radar of some fundies/brokers.

    Of course this is the problem. We can see numbers flicking past and try to make intelligent guesses about what is happening but it is very hard to truly know. For this reason I'll stick to the belief in my Fundamentals.

    :)

 
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