I have supports at approx 19.5c, 17.5 and 13.5c to the gap back in July 2021. 20c seems a reasonable price for current stop loss selling to switch into support and a bounce maybe. Is there any material good news they can give the market until end of the year? Is there any bad news insiders don;t like? There just isn;t any news price support for a developer inbetween CR's and any upside market surprises is the age-old dilemma. Risk, uncertainty, market headwinds, shorts, brokers eyeing off the next CR... always the next CR, all while hot money and weak hands chase it up and down.
Doesn;t help with rare earths being in the toilet and nobody confident when/if it will recover. At least Kanga has a profitable pathway to development at prices most other RE deposits will bleed out quickly at.
I have supports at approx 19.5c, 17.5 and 13.5c to the gap back...
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