MPJ 0.00% 0.0¢ mining projects group limited

The DT's have jumped onboard due to large vol signals yest. and...

  1. 1,050 Posts.
    The DT's have jumped onboard due to large vol signals yest. and then again some this morning, in turn pumping up today's volume. Some will stick around as they've been here a while.

    Some are just doing the DT thing and following the volume/money. Nothing wrong with anything there.

    I'm going to bet that MPJ will not strike it in the first lot of Assays, which will then mean a LOT of cheap-ish MPJ(O) back on the market, as the DT's back out and swarm to the next big vol. forming a wall to surmount before any big move up

    N.B. I am NOT BAGGING (i.e. ridiculing) anyone with this post. DT's do their thing and I learn lots by reading them. Maybe one day, I'll be one.

    But I suspect anyone hoping for fast moves skyward __IF__ MPJ hit it, will be disappointed. There's been nearly 100M MPJO traded between yest. and today with still plenty more supply. A couple of weeks (a month or 2 ago) was another 100M couple of days. There's also ~2.5B on offer. That's a LOT of stock to soak.

    Going to be a few get stuck I reckon.
 
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