CXO - Chart Thread, page-5986

No I completely appreciate that and to a limited extent agree with you that the Big End Of Town price manipulation are what has lead to the SP being thrashed so hard in the last few months.

You only have to look at the fact that those who are trash-talking us with constant downgrades etc are also very quietly buying us up. There is CLEARLY a major contradiction between what the BEOT is saying and what they are actually doing and they know which way the wind will be blowing in a few months time and they have (to be fair) played beautifully to scare people out of their shares and position themselves for the long term.

That and to call a spade a spade, many retail holders being their own worst enemies and constantly crapping themselves have enabled the BEOT to continously push us down well beyond the sane price for our shares rather than holding firm because they keep seeing red days that the BEOT engineer day in and day out, keep seeing that the world is going to end on the news and in media and trade emotionally rather than rationally resulting in many of them getting fleeced and the SP getting ravaged for all of us. When retailers show a spine again, the BEOT will find it a lot harder to pull this strategy off day in, day out. But they need that reason and until the Spodumene starts flowing are going to sit on the fence or lose their nerve and sell with all the noise about the global economy right now.

That said, I must point out that until you actually have a real and regular cash flow (and in the nicest way possible, I would argue the symbolic selling of that DSO shipment was simply signaling it would start soon) then you cannot really make the "Fundamentals" argument as fundamentally a company which doesn't really make money yet (even if it's imminent and it has zero debt) is still in the danger zone until its cash positive. So don't expect the market to value us fairly until we demonstrate consistently we are generating that value.

Fortunately, that moment is rapidly approaching and I suspect that factor will reinforce the confidence of many retail holders who know that the only way from here is UP given how ludicrously undervalued we currently are and once those taps finally open. It's at that point, your average punter will refuse to be shaken off their holdings this close to us finally breaking through the ice after years and years of patience.

Now, could we go below 70 cents in the next month or so before that first 6% Spodumene shipment goes? Yes it's possible and I'm certain the shorters knowing this is their last guaranteed hurrah at our expense before the equation changes permanently and that they will throw the kitchen sink at trying one last rip before we enter a similar situation to PLS's rise.

But I also think it's likely given they are imminently going to be carting the stuff to the port, that the pits are now dry and that were potentially only a few weeks away from that first shipment leaving for China that the average punter is going to be inclined to hold firm now and not enable them by selling as they now know what's going on and they know how close we are to the finishing line. If they sell their shares right now just weeks before we finally cross the line into a highly profitable entity, all your doing is lining the big boys pockets at the major expense of your own.

After what happened yesterday with LTR, I think maybe just maybe the panic has ended and the punters sense the bottom is in and the tide is going to change soon. Still its always darkest before the dawn as they say......

I for one, know I'm holding as the current SP versus what it should be really valued at is a joke and I hope to top up shortly to shore myself up for the coming swing. Much like the BEOT have been doing all these months.