We finished flat on the ASX and were up last night on the LSE so not sure 'the selldown continues' and use of dramatic caps is warranted.
Though very low volume I'd say today saw some buying at 0.016 and it was one of the more positive days in a little bit.
Looking for strength in potash names o/s overnight with the Belarus sanctions, Indian shortages, euro nat gas shortage etc taking up some airtime in commodities media.
Technicals on KP2 specifically say we turn the corner in the coming sessions if markets don't wet the bed in the lead up to Christmas.
Unless I'm mistaken nothing has changed with the fundamentals of this stock and certainly the Potash trade is gaining momentum so it would seem low probability to continue going down here toward covid lows.
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