With ECE gone early next week a positive announcement which is due in next fortnight re finance will see everyone happy again. A TH could arrive at any moment regarding this. If failure to deliver then down goes the SP further - any delay would obviously be negative to SP and more dissent from shareholders - simple as that - all now revolves around third and final binding offtake and finance - so I prefer to be extremely positive of a favorable ann in due course - which will end this 11 week rout.
Shortman today (delayed as we know 4 days) down minimally again to 2.68% - PrNd oxide prices remain unchanged again - consolidating gains from bottom however remaining subdued for now. The higher volumes of 3 days this week I am seeing as ECE exit still continuing. Tomorrow marks 4 weeks since ann advising they had 40 million left so here's to hoping tomorrow is the end of this dump and subsequent sp rout. Next week or fortnight for mine is a TH an away we go.
If anyone actually has an explanation other than charts - gap fills as to why we have dropped from around high 50c then please speek up. It is not about charts - a TH and expected news will send this way north to any charting - it is not about lack of announcements - we were clearly advised end of June for financial close (no guarantees) so why are people saying no ann's? We were clearly advised of ECE departure that would explain a great deal regarding SP significant decline - that is about to pass - June 30 is rapidly approaching so next fortnight - perhaps tomorrow - Monday whatever looking for a TH - time will tell as always.
ARU Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)