Jeez.
Share holders are a weird breed.
Can we just take a second to reflect that management have just beaten the estimate of mine opening they gave us by about 2 and a half weeks.
Let's take that on board for a second before we start clamouring for more info.
We already have record high spodumene pricing. Do we need another record already.
What are we - the Australian swimming team?
What does today's announcement already tell you?
Under promise + over deliver is already baked into how they are dealing with us.
They are a bit slow with their announcements but we can't always assume that is now always because something bad has happened. This was the big one for the year.
Primero hiring seems to have been an excellent decision.
I hope these hired guns stick around - seems they know how to get stuff done.
So - now the typical call of "its already priced in".
I don't agree at all. What is priced in is pessimism and manipulation.
35c was "maybe January, maybe february and maybe problems with plant".
This is the line in the sand where 50m short sells are going to dig in and defend.
They have been let off the hook a bit by the delayed announcement but there are still masses of sells below 35c.
If they lose the battle then it goes up another 20% easy.
50m shorts is 50 line wipes that were inflicted on our share price to get it down here.
The only question is how hard do they fight. Seems they're giving it a red hot go to make sure this doesn't get out of hand too quickly.
@yanlin is right. Day-traders have to be cautious but investors have a target as big as a barn to hit with a shotgun. This is now a company making something and it can begin pricing that in.
Steadily, as it hits steady state production. Not in the vicious swings of specs.
Spec miners with nothing but drill rigs have a higher MC.
Every analyst report including Mac bank has us undervalued.
Our sp doesn't reflect that we are progressing towards shipment this year and have substantially de-risked the mine and management.
They are producing right now. This is kinda big news for Australian mining.
A bit of kudos and media publicity is certainly due.
Joe Lowry is calling us out as being a top contender for take over for next year.
If you chain a dog up for a while then it may take a bit of time to work out that it's actually free to run.
