A principal driver for stock markets is anticipation of future performance more than a reflection of the past and this is particularly true at the small cap - speculative end of the market with entrepreneurial companies.
Although the recent welcome announcement on improved processing yields was largely unexpected, including, it would seem, by our short leach, I think the positive trend since mid June may have reflected some knowledge by a few that this was imminent.
I think last week's encouraging volume and price action may be more to do with other soon-to-come announcements than plodding investors catching up with and mulling over recent news.
Hopefully it is something else unbeknown to the short parasites. I imagine they had a better idea, than short-term traders, of the timelines for the exacting work that needs to be completed to satisfy project financiers of a pioneering venture - particularly with Gov't funding.
Maybe an announcement on the location of the next processing plant (No. 2) in Germany or Europe is imminent with some indication that this would also attract government support as a pioneering plant?
I am expecting more encouraging news before Xmas.
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Last trade - 15.47pm 30/05/2024 (20 minute delay) ? |
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