There was considerable uncertainty with their offtake partner. This has been resolved with the current announcement.
Uncertainty is where shorters, traders and down rampers thrive. Prices push lower caused by fear which then hits technical stops and you have chartists throwing all their BS stops and targets creating more fear. This occurs while fundamental investors argue and say things will recover.
Some fundamental investors remain and the weak sell and join the down rampers and negative nellies.
Hate posters arrive who has lost money and continually bash the company. This creates more uncertainty. Only true fundamental investors with a solid understanding survive and make big $$ but even the knowledgeable can be sucked in and sell.
That’s the market for ya.
AJM Price at posting:
23.3¢ Sentiment: Buy Disclosure: Held
