But it's macro not micro. We've got cash for 12 months. Need an improvement in market sentiment driven by improved prospects for economic growth.
ENR could find a deposit the size of California at the moment and we'd be lucky to drive the sp to 10c.
My opinion: I am encouraged to see the big players write down their bloated balance sheets and preparing for the new cycle. Takes time to work through particularly after such a protracted boom. BHP just announced the biggest loss in the universe and sp has been slowly moving up all month.
If the buy at 5c happens, I gonna try 2c. It looks bleak but is it just before dawn or just after dark? Time will tell.
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