Originally posted by mikesz
54% rise.
However, the current price of 1.7c is EXACTLY 61.8% fib retracement from the 2.56c it peaked at. So the price action complied with a very typical pattern that we see often.
In an of itself it doesn't really mean anything. In the case of ANW I think my previous point around SP appreciation before news (anticipation) and along a well established trend, and then retracement (capitulation) when no news was announced.
That's more the reason that's driving the SP at the moment. It just investor uncertainty that G2 and T1 will happen. This also given due to the overly technical ore sorter announcement which not many people could interpret correctly would add to uncertainty IMO
I think the video helped immensely so PW did a good job there. In saying that though, having good results on paper and a nice video is a long way from the machine being part of the process circuit churning out 0.4% Sn for the milling process.
Still, I'm excited. For me this basically says there is a massive upside to the economics of the project(s). And like I keep saying, if anyone can find a more profitable junior (growth) miner on a per unit of produced sellable material I'm keen to know. None of the Cobalt or lithium, iron, cooper, zinc or even gold plays come close. Their cost to income ratio isn't near as good as here. My view is we're heading for $13-15k profit margin per tonne with extremely low risk and steady state production. plus then we have various sugar hits with Cobalt and nickel and silver.
All IMO
The reason why the share-price is down where it is now is because nothing is happening. If ore-sorters are now the go and increase the resource output significantly then it is to be expected that ANW will arrange to have one when T1 or T2 is underway. As for all the details of the amount of increase blah blah blah the ore-sorter creates is only of interest to the fanatics like yourselves and had no affect on the share-price.The bulk of investors just want to see the mining underway. We are continually reminded every week on this forum of the potential of ANW, which is why we invested in it in the first place, and others are keeping an eye on it for the same reason but awaiting the assurance of production and income before committing.
"Action speaks greater than words"
You had your up-ramping rise to .025, which has now fallen flat on its face, so now it's down to results.
The dow dropped another 300 points on Friday so Monday doesn't look promising.
