it is great to deal with china (afterall they are potentially the next superpower and we all know they are the largest consumer of almost everything)...
BUT
Todays news was a big let down for me. I was willing to hold whilst the price was slammed throughout all the positive news, having tincom invest the further 1million into the JV would have kept the sp at a steady level (i didnt expect this to go to 3c overnight)...as time goes by China will eventuate, however now that Tincom is out it is a big blow whether people like it or not. LJ will be selling, I refuse to sit it out and watch them sell into a falling sp, only to be in the same position in a few months time when the sp begins to recover.
Yes i think recovery will take place, yes esi is still a great LT punt, however I didnt think we would get sub 2c again and we did...where will it stop?
ESI Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
