I have mentioned previously in a post that I see the SP going sideways until a very good announcement is released IE CS/SS. A lot of people are expecting a CS then a SS, in my opinion KRC will release them both as one document/announcement as there are important parts of the concept study like CSA pit shell and Primero beneficiation design that will simply uplift into the scoping framework.
In regards to KRC going alone on vanadium project, the simple answer is they wont be. We have all seen the interview with Tony Barton on bulls and bears from January 2018
INTERVIEW where it was said they will be looking for a JV partner of global scale, also in their announcement 23-04-2018 it states that Q3 advanced discussions with potential JV parties.
ANNOUNCEMENT
Also 60% of KRC’s revenues are expected from high purity non Vanadium products (Titanium and Iron Oxides).Today we ended with an inverted hammer, which after a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated their move downward by increasing significantly during the day.
Nevertheless, sellers came back into the stock, and pushed prices back near the open, but the fact that prices were able to increase significantly shows that bulls are testing the power of the bears. What happens tomorrow after the Inverted Hammer pattern is what gives traders an idea as to whether or not prices will go higher or lower.
VOL down & SP down to me is bullish along with the inverted hammer (Read above).
Now there will be a few that say charts are a waste of time and that is entirely their choice. I am just adding my opinion to the forum.
My comments/posts are based completely on my own experience, thoughts, opinion and interpretation along with my current financial position at the time.Conduct your own due diligence, consult a licensed financial advisor or broker before making any and all investment decisions. As usual all constructive criticism welcomed.Good luck to all that hold.
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