I don't think there's any manipulation/capping going on; simply 2-way trade. The stock had a spike high in Sept. at 4c & a spike high in Oct. at 4.2c - both times on the back of reports. Here we are in Nov. with a high at 4.1c, the midpoint of the 2 previous spike highs. The difference this time is that it hasn't been a spike high but rather a steady build. Consequently, I don't expect the pullback to be as pronounced as during the spike highs. Within the next 2 weeks or so we can expect 2 reports:
Final assay results. We have been given the heads up not to expect anything earth shattering & I don't think there's anything in the share price indicating this. Therefore, should they surprise to the upside we could have a strong move, but if they come in as anticipated, then the stock should stay steady.
ANSTO met work. This is the biggie that could give the stock a good kick.
The stock still has plenty of work to do to redress all the damage caused over the past 18-odd months. That will take time unless there's a Flinders report. Notwithstanding, TAR deserves to be a $100m MC company sooner rather than later given comps from the REE sector.
TAR Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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