In the face of Selling by Asian substantials. the price has held up well. Today's price action sees alot of support at the 39 cent level.
its only a month or so ago that we were posting about crossing the 30 cent mark with my own thinking being that it would be nice to see it consolidate in the low 30's so that when we see Offtakes announced and hopefully environmentals we could possibly see a move into the high 30's.
well offtakes should be just around the corner and we have consolidated in the high 30's so what will the offtakes do for the share price now.
My guess is that offtakes, as long as they are timely wich I believe they should be, should help the price move towards 46 - 48 cents and if the environmental approval come through in quick time the we should say goodbye to the 50 cent level.
Having said that in five weeks time we could look back and see that our rambling of a month ago were extremely conservative. A friend offhandedly; and im sure toungue in cheek said we could be at $1 by xmas. I still think thats a mighty big toungue but will i in 6 or 7 weeks
viney
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