Ajax The share price drop in STB was due to some tipping agency many on this forum is well aware of, issued around midday that caused the SP to tank.
It's good to have some constructive discussion on the SP direction. I, like many of you, have no doubt that the SP in 3, 6 or 12 months will progressively improve base on milestones such JORC maiden resource...etc. If one were to hold long-term this is a multi-bagger.
Just as important is the entry price for those who wishes to add into their portfolio, either day traders, long-term traders or those buying via SMSF. The entry price will govern how well you profit.
Just as Exberliner1 has pointed out, some buy parcels may not look like it is, they are there to prop up the prices for offloading. All too familiar strategy.
What I'm saying is beware when Tranche #1 shares are allocated. If you're long-term holder and for a volatile share such as TRH, you'll probably ignore any price changes on a daily basis.
It'll be interesting given that the research agency has dropped STB, we may see TRH and other spec (potash) included in the upcoming announcement (after Tranche #2 if approved) to allow sufficient turnover for their subscribers.
cheers
TRH Price at posting:
62.5¢ Sentiment: ST Sell Disclosure: Not Held
