looks like a number of true speculators that climbed in for about 3 weeks now .. driving the price down is small bits and bytes .. this spooks the first time SCL buyers thyat have not research the company and its partners correctly.
pardon my sceptisism but this is a manganese mining company that has sneakily capitalized on an oil opportunity - but what do they know about oil, and what exactly do they bring to the table? This is necessary for us to understand what the value proposition is - before their interests get eroded by the big boys?
this has disaster written all over it. If yu think you can translate the fundamentals into price action then you are a market wizard the likes of which we have never seen before. Trade the price.....everything else is noise. Good luck.
The price has been traded. There comes a time when you have to look at the potential forward earnings and value .. similar to the guys that went in low with CAPITEC.. I would not have given them a chance of sucess.. taking on the big banks , but there you go.. they did it ... great.