The common narrative here, is hold tight. Things will turn. Shorters may be winning the battle but won't win the war etc etc. Things will turn and when they do, it will be with just as much upside momentum. As a holder, and a significant one at that, this is comforting to here. However, what if the next news that breaks from mgt, is underwhelming. Where to then for the SP? Will we be looking at another 50% retrace from where we're at today (back in the 60-70c range). Perhaps this is why we're not hearing from mgt? I'm a glass half full guy and importantly, believe in both the Li and KDR story but we have some serious headwinds at the moment that I feel good news will only add stability to the current price, whereas, remotely disappointing news will only validate the doubters and cause even further and probably deeper short-term pain.
Fundamentals don't seem to matter at the moment.
Thoughts?
Imagine if the next news release disappoints...
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