Hi Arjay, totally agree what you said. The sp is very obviously manipulated as shorters need to cover their position. However, the announcement is too good to go under 20c. Now the battle happened around 0.21-0.22c area and I see the selling power is getting diminished as the shorters are about to running out of bullets. This is not up ramping but an opinion based on my observation. JRO share price keeps going north at the moment showing something is happening behind it (Samsung involvement imminent?) but mostly likely the full restructure will happen next year. Finally, I wish I am not wrong that the Altura processing team are good one and will get the plant hit the nameplate as promised. With a positive quarterly next year, I will really be a happy man and walk into bank laughing. Good luck everyone.
AJM Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
