It was an amazing and frantic buying brenzy about 3 weeks ago when it hit 68 cents. And since then with the overall market doing well it has come off 25%.
There must be (negative) news that has not surfaced yet.
Maybe they can't get the grade (purity) levels up to required levels yet (taking longer than expected).
Cash burn rate still increasing?
Market knows that they may HAVE to tap the capital market for more funds??????
Being groomed to be taken out at a bargain price???
Would not pass this last one too lightly. Why wouldn't the Chinese want it at these prices. Add a 35% premium at 50cents and they take the lot at 70-75 cents.
What a travesty that would be.
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