I agree that the fundamentals for KDR are solid and there is great long term value here. But this looks awfully like Orphan stage and chart is trending down. Actual producers or near term producers are moving up. Was lucky to sell most holdings at 2.30 (not a shorter, just needed to sell). I plan to buy back in as KDR own one of the best lithium assets, but need to see the trend to reverse. Sure, this will go up on a good Ann, but we had a great Ann regarding the resource and look what has happened to the SP since despite positivity returning to the lithium sector. Plus much of the good news is already known. Fact is KDR had an absolutely stellar year as the resource was defined and is now pulling back for a breather until things more closer to production. Current SP level needs to hold, if there is any weakness in the sector I think it could drop to 1.20 support. I think it is worth substantially more, $3 plus, but in the short term the trend is down until proven otherwise.
KDR Price at posting:
$1.63 Sentiment: Hold Disclosure: Held
