Given there is a general expectation that our SP will rise once we’re into production in the near future, it wouldn’t surprise me at all if we see a temporary short term drop once production starts. This will obviously further push the emotional retail holder out so the larger institutions can swallow up their shares.
From my limited time investing in the share market, I’ve noticed the SP doesn’t always follow what you would expect based on the company’s position and timeline. Sometimes I feel it’s more based on the emotions and expectations of the retail holder. Either way, if you believe in the fundamentals of this company, just hang on and ignore the bumps. Easier said than done, but you get the idea.
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