What has changed? ..... 2 weeks, that is all!
BTV overhang was always there
Chinese deal was always subject to DD
Otherwise:
Moly is still in the ground
The resource upgrade is a formality
Uranium drilling about to start
Oh, and one other thing has changed; we have gone from euphoria & greed, to fear & apprehension.
All normal. Some are selling to to take profits, others to protect capital, and some because they have no idea what they are doing, and follow the herd, thinking something must be wrong.
Looking at the chart, while has been rising steadily, it did get ahead of the 20p MA. Today's drop has it sitting nicely on it.
IMO, tomorrow we will drop slightly lower yet, and that buyers will come back in to form a rejection bar finishing back towards 40 cents.
The "Oversold" sign is starting to flash quite brightly!
cheers
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