In this industry,
rerates take longer...
stocks/projects are discounted for longer...
but returns can be larger...
In my experience, I think ive only ever had one stock run hard straight after I bought it, (PPP 11.5 c to 14 in a few days, and then to 17c).... and the others I had to be patient on...
look TSV holders,
Yourve bought for a reason, dont sell until
1)the reason why you bought changes
or 2)the realisation of the value you saw changes...
in the short term in any stock, you can be proven wrong because of...
manipulation, a seller that wants out, someone needing their funds, cold feet, hype, sentiment, traders, profit taking, punters, idiot selling, opportunity cost investments etc...
over the long term, Share prices always... And I mean always trend to fair value, because buyers and sellers dictate the market in which to meet at fair value, because buyers see value, so more enter causing the sp to rise...
so dont be illusioned...
a falling share price, is one signal that manipulators can use to get the tree shaking...
and most importantly, if you cant handle volatility, then dont hold this stock...
Off current info this is trending to 10c over time...
give or take depending on dilution of cap raisings...
We dont know how the SP will get there, or what path the chart will take, (well Im not TA anyway) but we know it will get there......
recent updates, and the fact that Alcoa is in this is good news...
I think the market has over looked this one factor...
ALCOA...
They are too big and experienced to make mistakes...
that is why they are here...
as I recently said, because this is the first commercial tight gas project going into production in Australian history, then of course there is going to be skepticism, and a more conservative approach required...
for the moment---> TSV went into the trading halt at 2.5c...
and it came out, and now sits at 2.7-2.8c...
be happy that its up 10% on that...
bye for now... I will make more comments related directly about the project/company in time...
I hope that helps...
peace...
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Dani Nadri, Country Manager Australia
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