If you check the ASX daily gross short sales report for the last five trading days or more not a single KNL share was short sold, much too risky to do so now.
And you may well be right, there is a possibility the share price may go to 11 cents due to lack of news and market sentiment, there is no skill in picking a lower low for a share in a prolonged downward trend.
But I will leave you with something to think about; within the next two to three weeks once the team are in Germany and they become not only the only graphite company on the ASX to sign one binding off-take agreement, but the only company globally to sign two binding off-take agreements, both with European company's, the share price will double from these levels in a single day. I hope you still duck your head in after such time to say g'day.
KNL Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
