Interesting depth atm Bagman.
Could we say thats a cap at 8.3/4?
It looks that the sp will cover anywhere from 7.5-8.5 which IS interesting from the charts short term(say 2-3 weeks) technical standpoints.
But like I ask will this break below that 7.5?
If,can I say our(?),recent sp building hypothesis,for whatever reason/s,are to have any basis, then the sp must either hold this level prior to project developments or even go a little higher.
With recent trade we might see a few more high volume shoves to test any of those pannickers.Trouble being there wouldnt be many long term holders that would be aware of the short term-get out even opportunity,IF they wanted to take it atm.Hence the 7.5-8.4 bracket set up on the depth atm.
I still get a FEELING that there's a certain amount of control going on here.
If Princess's hypothesis holds then imo we will see a break below 7.5 as there is no reason to hold the sp anymore.But if we hold this bracket then see a rise,then a couple of other hypothesis should be confirmed,PERHAPS leading to something decent Abu D project-wise either around Xmas or Jan.
But then how many times have we built ourselves up for such decent project developments.
We still have yet to see the offtake revision which really only brings us back to square one and which might be why we are seeing the sp rise back to those previous accumulation levels post the 10 year offtake.
In the end,FTM,the chart backs such positive thoughts.But I get the feeling that if GIP cant get that offtake revised soon this may all break down horribly once again.
This wouldnt make sense from the standpoint of the way the larger tantalum ore producer supply chain is currently shaping.But then we have CCE that have just anncd their resource and will possibly be moving to a BFS and they are STILL pushing this as a tantalum project and that worries me a bit.
d.
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