We have been here a few times in the last 12 months only to retreat to low 30's. IMO only big news, offtake, funding etc as outlined in Teddie's excellent post below "calm before the storm" drives this higher IMO
I think we all have to recognise that we are in a period " the development doldrums "' with no perceived big catalysts in the short term There is a perception of a lull pre investment decision for Yarabubba....with investors jumping into moving stocks like the lithium space in the expectation they can jump back into TMT at a later stage....This is dangerous thanking as in my opinion there are numerous factors in play that have the capacity to attract demand for TMT shares, and as we know with the tight capital structure,.the share price rise has the capacity to be dramatic
Macro Factors to potentially ignite fresh investment
The vanadium price has hit 2 year highs with the price virtually at the GVP DFS assumed price with consequent massive revenues and NPV
Price rise has been generated by steel demand...with more to come as big spending government stimulus packages kick in
Deployment of 2 big VRFB's in China with multiple others in the pipeline
Huge fire in the Lithium Ion Mega Battery in Geelong highlighting that VRFB's are the only battery choice for large scale energy storage
Fresh PR/Media strategy to upgrade profile to kick in
Micro Factors (In myopinion all these are in play-short to medium term )
Sinosteel agreement potential to go binding pre DFS at Yarabubba
Potential off take partnerships for titanium from Yarra
Potential for strategic cornerstone investors pre FID at Yarra
Potential Government grant for VRB downstream electrolyte facility re GVP
Progress on funding options for Yarra ie NAIF
Drilling results and resource upgrade at Yarra
Consequent Yarra DFS to show impressive financials to contribute to large NPV and IRR upgrade at the GVP
FID at Yarra
Current holders should be very excited and non holders get on board!!!