Broke the lower support line with some conviction this morning, which is of some concern, albeit will wait for confirmation of whether its a sustained break and what resistance that line will now offer.
Whats the reasoning?
Perhaps to trigger stops below this support line and test demand/supply below support?
Fundamentally as others have suggested delays with hitting production ramp-up targets and further details of capital costs may be hurting the valuation and SP. Effectively treading water production wise for the next 12 months when initial expectations were 12mtpa by the end of this year.
Probably a whole lot of factors combined at play.
Nice bounce off S3, well done to those who caught it. Got distracted this morning so missed that one.
Some serious thinking to be done.
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