I have been doing a bit of reading and mainly for the reasons I posted earlier, around upcoming independent geo report coming up
This is going to likely validate the project, and if so the sp will move into a range which supports a credible project with potential credible valuations
Whilst we won't probably know expected tonnages or values, it will give us an indication of whether the project will likely be worthwhile pursuing for commercial considerations
Right now we don't have that, we just know it's coming up and it could be good, and the current sp and mc is very low, but for the rest, we can only speculate
I follow trends around volume and support and resistance levels when trading and taking positions before a move (I often buy into a stock too late still) but I feel we might be gaining more support right now and this week was a good close
More stability in world markets will lend itself to more money supporting the low MC, high potential end of the market such as ROB, so for me, whilst I have flagged what I don't like, it still ticks a lot of boxes so I'm in for a punt and reckon we might see a move soon
But, it needs to break above the low to mid 2's and hold it, for a continuation to occur
