I try and use what’s playing out in real time to make commentary on what could follow. Just my mere opinion.
Do I think it’ll drop? Probably.
Let’s look at it another way - prior to offtake being announced & prior to that utterly stupid CR being carried out, what was the SP trading at and more importantly, what was the trend? How has that changed now & has it changed positively or negatively?
There are some that are delusional that believe this will suddenly, just out of the blue, rerate.
This didn’t move when offtake were finalised.
This didn’t move when they announced construction commencing earlier than scheduled.
But yet, somehow, when they ship off their first order, which mind you, near all will acknowledge is inevitable, that that will magically set-off a rerate...Seems fanciful to me.
But again, just my opinion.
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