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28/12/22
16:10
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Originally posted by toddaus100:
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If you look at the WAF chart between Feb and March 2020, just before first pour , it shows remarkable similarities to TIE . Three weeks before first pour the share price was approx 63 c at its peak . It then fell back to close at 42 c at first pour . ( 18th March 2020) From April 6th , it started to appreciate fast and by the first production quarter it was trading at 0.82 c ( ie doubled ) By the second quarter of production it was trading at 1.20 ps I didn't expect TIE to fall back to 69 cents as I thought the WAF sell off was due to COVID , however , from here , all I can see is blue skies for the share price . My prediction is that by the end of March 2023 ( ie first quarter of commercial production ) we will be trading around 1.10 to 1.20 ps and by the second quarter ( end of June 2023) the sp will be circa 1.50 to 1.60. Pure speculation I know but using the performance of WAF as a guide , highly plausible
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I'd say WAF case was more influenced by COVID as almost all stocks got halved in that period. Although it feels like SP has been purposed pressed down recently. Chifeng or Zhaojin might be quietly accumulating their stakes....