I’m not as pessimistic as some, and I’ve always been a skeptic.
I think it will continue to trade within the usual ranges but I don’t think some decent announcements are too far off.
Should hopefully get the EIS approval soon which is another big tick. All of these trade agreements and resource alliances will eventually end up with an equity investment that could happen any time, with binding off takes a bit further down the line.
And with September in the rear view mirror (always been a bad month for the market) I don’t think it’s insane to think we might be back in the teens again in a couple of months time.
Traders will trade. Buyers will try to scare holders into selling their shares. That’s as certain as the sun. Everyone just has to do what’s right for themselves.
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