Every time I speak with Fabian I have increased my position and I'm going to try and call him again later today. That said. The SP pressure is coming from all angles.
- No institutional participation
- Tax selling
- Macro breadth weak
- Broad base commods sell off
- Ambiguity about time frames for Pennikat drill approval
- Same for Porsanger
- Radio silence from the company basically all year
Again all that said the SP is doing what SP's do within the realms of technical charting its offering a buy zone.
Unless we get some stellar news from the co I just expect grind within the many resistant points the chart has now created. Or not... such is the game
KRM Chart, page-557
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