PSC 2.70% 19.0¢ prospect resources limited

Any possible reasons?

  1. 2,700 Posts.
    lightbulb Created with Sketch. 7
    Atm I am holding PSC.....
    a bit curious to find out what behind recent buying frenzy?

    As mentioned before, my mind comes some possible reasons:
    1. Possibly privileged parties' (with asymmetry information) advanced action
    2. Possible neutralization action for Zim's current unrest country situation
    from interest concerned party(ies) on behalf of the company and its own interest.
    3. Just blind market participants gone mad frenzy action
    4. P& D.........

    As for me, I am leaning towards #1 case, but no one knows about the market.
    Usually possible something like rumour turns out 70% to 80% right, and this could usually be supported by
    market proverb " Buy the rumour, sell the fact."

    Personally think, we'd better know what causes are behind it.......seems slightly over-stretching in light of
    1.2billion issued shares.

    Any members exchanging views will be very welcomed.

    Regards,
 
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Last
19.0¢
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Mkt cap ! $63.09M
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18.5¢ 19.0¢ 17.0¢ $299.8K 1.651M

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No. Vol. Price($)
1 50000 18.0¢
 

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Price($) Vol. No.
19.0¢ 110215 5
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Last trade - 15.57pm 26/02/2021 (20 minute delay) ?
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Last
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