General discussion, page-1433

  1. 1,018 Posts.
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    Agreed. Daily chart turne positive a few days ago with higher low. Resistance at 8.2c on weekly chart. Whether it is a real resistance or someone capping it in the hope of buying more remains to be seen. Sell side otherwise is almost non-existent.

    I believe that someone wants in and they are hoping that optionholders would need to sell shares to exercise options, providing the buyer with supply.

    Release of pink slip phosphate in the coming days should push it above 8.2c resistance.

    It may hover around 10c after that until the options situation is resolved at the end of December 2023.

    I would not be surprised that whomever is trying to pick up shares cheaply at this level is linked to the potential debt provider and trying to get the best deal possible. As such I would not be surprised if debt funding is not resolved before some time in January if needed at all.
 
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