Nasty day today - luckily I stopped out but still surprised firm...

Nasty day today - luckily I stopped out but still surprised firm or named MOUs didn't accompany the capex number to soften things.

Looking at the daily chart we right at the 200d here (yellow line) so will be interesting to see if it acts as support or not. If we go through the 200d then next stop looks like 0.25 / 0.26 ish which I have marked also.


One would think as I mentioned a few times that market is pricing in a CR. Question is where would that number be and for how much. Rich people don't get rich by using their own money so lets forget RF putting his hand in his pocket. Likely we will have an offtake partner who will stump up a certain percentage and that will leave us with a shortfall which will be picked up by a CR. I'm thinking the CR price would be mid to low 30's but wherever it is one would certainly think that would be the floor to the price.

On the positive side any hint of formal offtakes or mous would likely send this much higher quickly - the company just needs to be quick in its communication as market seems very impatient.

GLTA