So Pete’s cashed out which leaves people thinking the finance won’t be here end of June. The only reason a lot of people have bought back in is because Ton is going to get finance the SP will rise they take the profit and run. IMO Monday alot of people are now going to sell to write off losses for the EOFY. This will leave the SP crashing yet again. There is no way an achievement price of Tons average trading is 4.9c we haven’t held above 5c.
Having thought long and hard about this though you’re other comment about where does this put the window on finance. It could quite possibly leave this open until next week the reason Peter would sell this week is because next week when finance does hit we go into a TH. this would mean PC couldn’t sell his shares this Friday as it would like inside trading going into a TH. there’s still a high chance of finance before the end of June. Frustrating as the situation is there’s nothing is long termers can do other than suck it up again.
There’s one announcement pending for this company to get it moving over 10c that’s money for the mine. Great opportunity to top up this week on the fall lots of loose hands will sell I can’t see any reason finance won’t hit China needs the graphite now more than ever they have already started mapping out roads etc as per Tritons linked in page.
