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2.5¢ group 6 metals limited

my original holding is over a decade so I probably should have...

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samsam23

226 Posts.

31

02/09/20

19:30

Post #: 47034427
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Originally posted by Fiddlesticks: ↑

I’m understanding.

It has been a very long wait for this. April last year they mentioned they were in advanced stages, and the share price has slowly, slowly eroded since then. Tiny volumes, but a lot of sellers would have been holding for years to make a profit.
Selling the news will always happen, but with 12 million shares traded above 8c that’s now a huge base of support at this level.
I agree that today would have been a day traders dream, but the strength of this announcement will be realised in coming days with people looking at the long term profitability of the resource.

With 70% of production accounted for in off-takes, financing becomes much, much more attainable.

The Chinese Government is projected to spend $5Trillion on 10,000 new infrastructure projects (which might just require some tungsten). That could be a good thing for Tungsten prices and therefor the SP in the years to come.

I’m holding, if not buying if we get a dip

DYOR

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my original holding is over a decade so I probably should have been One of the ones selling today! But I Keep on living in hope that others will realise the economics are so compelling. Fingers crossed volume doesn’t go straight back to virtually nothing and the rice settle in the 5s

KIS Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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