Bugger I thought we were heading up through the $1.20-1.30 today still very vulnerable until something big is announced
Something big has already been announced, were in production and have received first revenue at market related prices, it doesn't get much bigger than that for a startup, anything else is more related to future prospects that have no immediate addition to the bottom line.
When we get to see how much free cash this project is likely to generate then investors and analysts have something tangible to get their teeth into but thats a few months off, although the Yahua shipment has given us a good sneak preview..
Intitutional investors are prepared to wait for certainty even if it means possibly having to pay a higher price, retail investors are more like reef fish and jump all over the place as we see daily, much to traders delight, very much look forward to some institutions coming on board.
Once your in production most of the action is around quarterlies/ half year / annual reports and the price concentrate IMO...
Cheers Whisky
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