its a fair point but given we are at support are we pricing in bad news? You'd be suprised what a reduction in uncertainty can do for a share-price. Sometimes even bad news can reduce uncertainty and create upside movement.
I believe even on the current JORC - ESS is worth more
With alot of Lithium companies at 52 highs, you really have to wonder why ESS is is 30c off the 52 week high (or 50% below).
Risk-reward on this is favourable and my 2c is there is a positive short-term opportunity for those on the sidelines, and there is always a positive long term opportunites for the rest of us (myself included).
IMO at least, as you say - bad news the market or the weaker holders didnt expect can be detrimental to SP
Add to My Watchlist
What is My Watchlist?