Expect further selloffs ... whenever there is an announcement that pushes out a milestone timeline far beyond what shareholders were expecting, selloffs are inevitable.
Two weeks ago posters had built up expectations of "any day now"..."next week" etc.
Then the Company came out with the ann that virtually said "three months time" ( not in those words).
Personally I have only just got back in yesterday and today.... and with no real expectation it is the bottom of a trough.
All the wonderful fundamentals in the world will never overcome illogical behavior by holders... the inefficiency of the market is what provides trading opportunities.
Then, of course, the SP at the time nameplate production is confirmed, may well have factored in that inevitability.
Its never all peaches and cream.
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1 | 13000 | 0.035 |
1 | 16919 | 0.033 |
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Price($) | Vol. | No. |
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0.054 | 130000 | 1 |
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