After holding a couple of West Arunta companies, this is amazing...

After holding a couple of West Arunta companies, this is amazing news. I know all too well how much the market gets excited over REE & Niobium. However it seems right now, the DRE curse continues. All this good news amounts to nothing and there is every chance that tomorrow we lose the 1 pip gain from today if recent history is anything to go by.

The market also seems to be in pause mode. Awaiting which way interest rates head after the latest horrid inflation numbers. Investors are also waiting to see what commodity prices do and whether they recover following the red action of the past week. All this uncertainty adding to the expected down time each year in June as tax selling closes out. Not a great time to be releasing all this consistent positive newsflow through May & June IMO. It will likely have a lot more impact if done August/September for example.

The fundamentals are improving but the market continues to ignore them. The one positive I can think of is that we are weeding out all the weak hands in the past few months. Those not willing to hold are calling it quits and those seeing opportunity and upside and entering. Therefore, when the reversal does take place, it should be quite a rapid event upwards IMO.