elbows, I agree the fundamentals appear great. So great in fact that I think they have partially blinded my objectivity. As one poster said recently, no matter how good the fundamentals may be the fact is the sp is performing terribly. Too may times have I seen a sp tank while the hordes declare it scandalous considering how great the company is.
In trying to regain some objectivity this is how I see it. Fundamentally. it has top tier partners, is close to commercialistion on a massive scale, funding secured although quite dilutionary and even more so the lower the sp goes and the carbon tax can't hurt the company.
Technically, we have a capitulation into low to end the downtrend (at least for now). The low showed bullish divergences on the daily chart but not the weekly. However, would like to see some decent volumes on any move up which we are not really seeing yet (this worries me). If the 29.5c low is broken it will be curtains for quite a while with records lows sub 20c a given imo. I certainly hope that is not the case. Let's see how this rally plays out.
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