Be thankful this stock is not available for shorting (at least not anywhere I know of). Because the chart pattern would probably bring in a bunch of them to captilise on the current weakness.
In some ways the lack of buyers is a little bit of a blessing because it forces people to take a significant drop if they do sell - so, hopefully, the tendancy is towards hanging on.
My biggest concern is bad news at this point. Any delays in Spain, missing targets in Mt Carbine are going to hurt. Even that cyclone heading towards QLD currently will slow their path towards positive cash flow.
Once they can show they are profitable i will accumulate more because I know the market will not be able to ignore it for long. But when that will be I just dont know.
Ann: 2023 AGM CEO Presentation, page-58
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