Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
No real consequence. They are still buys (as is everything showing recently at 12.44p or above). There will be another 250-500K appearing at about 12.35p no doubt. Seems to have been decided that share price must fall today. Maybe they are reaching their limit/target. Or know the bomb is about to drop (thanks for the good story, brought a smile).
There is almost certainly a timeline, whether this is Duferco or linked with JSE plans. High pressure buying could over-ride the suppression, although would have to be sustained. It seems the price is 'allowed' to rise a bit on strong buy days and then brought back down on the next few days quite easily. Sure, some short-termers will sell on rises, but this really does not look to be what is happening here.
I would also like to see the company shouting out about achievements, beyond proactiveinvestors interviews. Perhaps they are happy to let it ride, either because they re expecting good times will just happen for investors, or because it suits other plans. I am wondering about the JSE listing question and whether this could be a factor, but timeline? I note VVO is listed on both JSE and LSE.
Also uncertain - the BMN response/plan?
a) Nothing other than polite words (current position)
b) Official request for investigation, get some lawyers involved etc
c) Put out large quantities of good news and widespread publicity at just the right time to scupper whatever is going on.
If it stays just a) that would be a disappointment.
I am a newby here. From what I have learned and seen so far, I have confidence that the share price will be much higher in 3-18 months, and very much higher into the more distant future. I believe in the vertically integrated model i.e. control of both resource and a use/market for that resource. I can see the massive practical use of VRFBs currently and at much larger scale in the future. It's great to be invested in something 'green' that is also doing good outside the 'west'. I don't know the CEO, so can't make a personal judgement, but he seems to be greatly respected. The degree of knowledge and research done by the LTHs is great, reassuring and also intimidating.
I am unhappy at the share price manipulators still evidently at work today. One can but hope something will put paid to them soon. It may be that sometime in October is going to be the best time to buy, with perhaps December/January being the last chance to get a really good price. Time will be the judge.
I suspect change of tactics to multiple smaller more random "sells" (14.00-14.05p). If your large "sells" had drawn attention...
Could be genuine of course.
I can't see support levels around 14p, but I assume there is some. More limit buy orders around that level could help deter further, or if they process then you get some cheap shares.
He/she/they must recognise that this is actually 'mild' pressure is without there even being any published 'news' as such. Once news is published they will see a different level of pressure. Time to let this resume normal market dynamics.