Price swings this morning have been interesting - to me at least - I am seeing a change from recent weeks and the rest of the days action will provide some insights. For weeks, any move up has been sold into, big time. Someone's been exiting a larger position IMO, but I now wonder if they are done.
Punters piled in at the open, then it got sold into 5 minutes into the day, but that's been met with some buying. Very short term I see this going to 3.9/4
This announcement confirms there is helium, it is at economic grade and they are working on various developments to move things forward in the background. I suspect a few newer or perhaps existing holders are solidifying a position for the next 12 months.
These might be ST comments, but for me the action indicate that now or near now is perhaps the chance to double up a LT position.
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