SP and company performance dont neccessary go hand in hand. Company has done everything they set out to do and are making money which will come through in the qtrly's. Management cant help people selling into it. Some people sell for different reasons and not all sell because they dont beleive in the company. Some people have to sell for other reasons when they would prefer not too. There is clearly some accumulation going on from some people and the price seems to be kept in check for reasons unknown to us, but i'm sure that by christmas, we will see a much different story as they will be in full ramp up, Spanish deal should be complete and could be bringing in around 400-600t a month of Tungsten at around $18,000/T which is around $7m-$10.8m per month and thats nothing to sneeze at.
Tungsten will eventualy get on the radar soon enough and with EQR becoming the 2nd largest prducer outside China, should get some noise.
SP and company performance dont neccessary go hand in hand....
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