Hi Sam,
Interesting post for your first one on HC. Seems like a scare tactic.
I see a huge support at 18c - 19c, that's why we are sticking in that range in the last week.
You seem to be forgetting a few things though;
- Buyers are going to heavily out-weigh the sellers in the next 4 weeks.
- SAS is going to make an announcement when the official launch date is confirmed, which will have a nice pump on the SP
- SAS will most likely announce another new customer in the coming weeks.
- Utimatley the whole launch will not be classed as "delayed" unless it doesn't happen in Q2 2017. It seems as the reason they will not launch in Late May is out of their control.
- Postive Launch in most SH eyes will = 30c +
- Postive testing of satellites could test 50c
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