So the manipulating financing insto is back imo, and big time.
They accumulated at 2/2.1c and r now making hay....... !!!
They have set the resistance at 3c or thereabouts and will take profit here and then accumulate big time again for a bit.
Well the last statement is pure conjecture BUT this sp behaviour is confrimed by the bot being evident again.
Very very smart.
Again just imo we could see this sp trend for a bit until THEY decide to let it run again, and imo it will run again.
How far ?
It depends on the news.
However, with the recent news out of China with graphite export bans and a looming graphite deficit,imo Ton/Shandong/Yulong Mining, whoever the hell controls Nicanda, has to get moving on it if Ton is going to maximise the financial gain from Nicanda Hill.
Imo, with Shandong Yulong, via Jinan Hi tech, owning 32% of Ton, Nicanda Hill WILL come back to Ton to maximise THEIR gain from all this. Just imo mind u.
With Nicanda hill probably to be valued close to 1B eventually, possibly more with the vanadium, the sp will be rather large and that gives Shandong/Yulong/Jinan Hi tech either a rather large capital gain OR potentially an excellent dividend a few years down the track.
Im wondering what the Chiese political big wigs would think of all this !!!
BUT its been an overiding economic principal in China in the last coule of decades to use western economic techniques to bolster the Chinese economy, MUCH MUCH smarter than Putin and the Military centric political structure in the kremlin. But then that guys an pyshcopathic narcisist. So what chance do the Russians have if they r pepared to support such a fruitloop.
But Ive digressed.
The chart AND the fundamentals, circumstantially anyway, are implying another move in the not too distant future. We'll just have to keep an eye in the insto chart action cos when that sell depth drops off, look out above.
THE WAY in which it moves depends on the instos intentions.
IF its to break open Nicanda Hill and move the sp to enabe initial financing of Nicanda Hill AND Ancuabe/Cobra then ..... Ill let u guys work that one out.
But U can guarantee any financing insto worth their salt WILL take profit on the way up, so we wont be straight up imo.
But again lets see what plays out.
If ur in for the ride, it could be very impressive indeed if it plays out this way.
In any case, if its simply to finance Ancuabe in the shorter term it will go up further, just not as quickly as Nicanda Hill being brought back sooner rather than later and THAT depends just how fast this Chinese graphited deficit plays out, as well as how commited Syrah is to the US and Europe for graphite supply
Just as an aside there is the vanadium tie in too. It makes perfect sense for the Chinese to get Ton/Shandong moving on Nicanda Hill becos China will also need large amounts of vanadium for the very large grid batteries.
But getting back to potential Ton sp movements
As mentioned before, time is short IF they want to maximise Chinas looming desperate need for grahite supply, and Nicanda Hill is the project much more aligned with Chinese requirements re graphite And coming vanadium demand.
So how long does it take to set up such a large project ?
Refer to next door and Syrahs Balama, the almost perfect view in the mirror for Ton/ Shandong.
However China already has the grahite processing capability, the US/western world does not, hence Vidalia. But then thats not our problem is it
All we need to do is process to concentrate level and ship to China so as long as any DFS confirms the feasibily at Nicanda Hill, we're off to the races.
(20min delay)