2023 Charts, page-1946

With a concerning fundamental situation (believe the rampers who have not stopped saying there is no reason for concern between early this year until now if you want to, but deep down even they probably know things are looking worrying, you can be realistic or snort hopium, it’s your choice) we aren’t going to see any significant positive movement until we get news of production or permits and even the resource upgrade will do fairly little.

The chart itself in the context of the state of company affairs does not indicate we will see a bounce in the absence of news. I don’t mean to be bleak, I do think we have a good shot at getting positive developments, but that’s the only thing which will boost the share price, not any TA alone. Let’s not kid ourselves, there is a very real chance that these filter cloths and a change of flow rates aren’t the magic bullet which will suddenly fix our problems. We all hope they will, and they might, but the market isn’t betting on it and that’s only pragmatic. As time goes on we can expect the price to fall further until we get good news, which could come at any time which is why I’m still holding, though I’ve been saying that for quite some months and since the price was multiples of where it is now.