Ain’t No Doubt (Jimmy Nail) came up on my 80’s playlist this...

Ain’t No Doubt (Jimmy Nail) came up on my 80’s playlist this morning, and I thought of SFX.

Market says, "It's not SFX, it's me
I need a little time, a little space
A place to find myself again, you know"
Oh yeah, holders know a goodbye when they hear it
She smiles but her hearts already out there
Walking down the street

She says
"I don't want nobody else, I love SFX"
She's lying
"There won't be somebody else and that's true"
She's lying
"Say you'll always be my friend, sweet darling"
Why does she pretend?

Ain't no doubt, it' plain to see
Market like you's no good for me
Your heart beating at another door
I'm a damned fool for to ask for more

She says, "It's like in a song, remember
If you love someone, set them free"
Well, that's how it is for SFX when a seller hits the screen
And somewhere I hear a door slam…

Market’s no good for developers that’s for sure, and that slamming door was liquidity leaving the room. One +100k seller even with the recent resource sector bounce and not a decent buyer in sight. Pull up a chair and pour a drink, it’s a lock-in and we’re stuck here for a while I reckon… unless the game is shaking the tree for weak hands one last time before commercial funding news drops?

Chart is a few days old but you can see well enough price sitting on that rising support line back to jun'20 during the inside buying period before the YS deal was announced. Lot of water under the bridge since then, but technically if 44c breaks the next support is 36c, then 32 and 28. Things would have to go very badly wrong to hit 24c and even fill the gap at 21.5c. Good time for Bruce to seal the funding deal and steady the ship imo...

Good Luck