Re: Gravity on PPS
in response to
by
posted on
Oct 25, 2018 01:36PM
Combining Classic Mineral Exploration with State of the Art Technology
"Even further, should some agreement be reached soon, the wise purchasers at these levels will make a rising pps very difficult as they will not hang on for long but liquidate with their profits early in the process."
Yes, there is something to that. However, I've also seen instantances of exploration mining company stocks trading multiples of outstanding shares on news, and for two-to-three days as some of the same people trade in and out over the course of the run (because nothing goes straight up, or straight down). Some people are simply drawn to trading opportunities and care nothing about the company.
I think LBSR will have a mini run on drilling news, and a history making run on drilling results.
VP