So, in or out of the 200?
If they wanted us in, I said they had to try very hard today....and they didn't.
Finished unchanged today at 227, and haven't even made it to the 220 buffer, so there is a big chance we are out
The only saving grace may be our averaged position over the quarter.
If we are out, there may be a few index funds that have to sell, and we may see some massive rebalancing to come.
Do you guys remember the rebalance auction when we got in???
Post #:63750967 17/09/2022 describes what I saw-
As some other posters have stated, key support at 29 held.
It seems the instos agree with this figure as well.
They manipulated the auction with the shares they had been accumulating over the last month, to an indicative 29.
Then they were happy to pour millions of dollars in, and stage THE CRAZIEST AUCTION I have ever witnessed.
The volume, the dollars and the violent swings was truely insane. Some call it a rebalance, but what I saw was-
GANGS OF COKED UP(cola...of course),CASH CRAZED,GREEDY, SCHIZOPHRENIAC, PHSYCHOPATHS, FIGHTING TO THE DEATH IN A CAGED BATTLE ROYALE...
I Could not believe it..... What a sight!!!!
So, will history repeat itself on the exit?
The announcement will be tomorrow after hours, but the rebalance will happen on the 16th.
Take note...our SP was 29 back then..... No one thought we would be back at 18, just 8 months later and in production!!!
Will they crash our 18c support?
Positives-
Selley's..... No More Gaps.
(We had a mate at work that got new chompers...he had a massive tooth gap...not later though...we have called him Selleys ever since)
Good to see the volume back up, and that 18 wall stay strong.
Breaching it of course is still possible, as the die hard shorters love a slow grind down...but we'll see.
I think many are right here, there has been a decent closing of shorts, for which we eagerly await to see in the data, so their influence should be diminishing.
If we are out, post rebalance we may see a drop off in shenanigans that have been happening since we got in...happy days.
Then, when we get back in at the September rebalance, (it is inevitable), we will have to endure it again....yipee!
HOWEVER, we will be in a much better position to withstand the onslaught-
We will have a second offtake ( unless they do indeed decide to auction it)
First and maybe second shipment despatched
We would have realised first revenues
The Carbonate PFS should have well and truely been announced..with a possible JV chemical tie up
We will be very close to, if not already at nameplate 226kt+
Moblan PFS???Maybe not....Who bloody knows whats going on there??? They have pulled a Polanski with that one)......Probably another resource upgrade though...
NAL resource upgrade.... possibly..
WA- maybe a surprise find out West,..
Authier news???
Was this heightened manipulation, because we did not have enough runs on the board, to run with the big boys in the 200 index?
Arguably so.
Without income or revenue, it is hard to justify and hold the entry.
You cant use production figures. You cant use actual EBITDA,or EPS or your PE.... any real financials, to fend off the wolves.
Add with a highly emotional retail ownership, we were ripe for the picking....which is exactly what happened, and what we have just endured.
Played...fullstop.
I remember saying when we got in, it was bittersweet.
A great privilege to be revered in the same regard, as Australia's top 200 companies.
But I had also seen what happens, when you are not quite mature enough as a company, to run in these circles.
And now, we have ALL experienced it.
In or out?
Tomorrow, we shall see...
Whatever happens, good luck everyone...
(20min delay)