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Hate to say I called it but here we are. No news = SP going...

  1. 1,255 Posts.
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    Hate to say I called it but here we are.

    No news = SP going down.

    Yes, news is all it takes for a run to happen but there seems to be alot on here that are putting a lot of hope into these next round of announcements.

    Eyre:
    - REE potentially game changing (sent off 6 weeks ago)
    - PGE/Ni should have a results soon but won't have too big an impact as initial results
    - Li need the heritage announcement and then hopefully they already have the drilling campaign lined up. Wouldn't be a SP mover but would be showing the company is getting somewhere.

    Isa:
    - Completely unknown. Update could be huge but with no drilling or samples being sent off. Not sure what could be announced other than an aggressive drilling campaign. This is what I want. Even if SP won't move, the company is moving in the right directon
    - Previous results, lets just agree their dusters. 17 weeks for one set of cores, give me a break.


    NZ:
    - Need to hit the feeder, otherwise a wasted campaign. If we hit the feeder, well well well. Could be a nice run in store.
    Results were advised should have been released 2 weeks ago, so anyones guess now.


    Besides the REE ionic confirmation results and maybe the NZ (if we hit the feeder) none will cause a re-rate. We are waiting to start drilling for most key campaigns. Until we have results from those will won't get that rip your face off run imo.

    I agree with most here that this is a good entry point. Maybe only another 20% to bleed lower before no one will give up their shares.
    Will just be your patience tolerance with the management team. Getting to 6 months without a drilling campaign at Isa. During summer and the wet season be approaching....


 
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