I understand the macro environment does impact on CSD as we are a commodity producer, yet it is insignificant at this point of time.
* The tin price is expected to hold or trade higher.
* More demand than supply (and further constraints coming).
* Indonesia is pushing for a tin price of US$24,000 or $25,594
* Our Aussie dollar is trending lower. Currently 0.9377
* Current tin price is US$22,750 or A$24,261
* CSD needs only A$20,000 or US$18,754 to make project viable
* Significant improvements to CAPEX have been hinted at.
* Increases to JORC grades have been hinted at.
* Improvements to Opex will occur if grades improve.
* Overall macro environment has/will improve (still sluggish)
And finally, we will have a transparent relationship with SPI that the market should finally be able to understand.
I personally do not think it is investors that are selling. If they have done their research, they would have been buying as much as they could and will now sit and wait for the next step.
To me, it looks and smells like traders trying to jump the TA gun, or maybe bored and not understanding what is coming next.
Sometimes TA does not prevail, and that's when you hear people go "WOW, that just surprised the market", and you see a stock jump 50% to 100% in a session.
;-)
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