Just traders taking their profits after a strong run-up from $2 to over $5.
It was due to have a breather when nearing a market cap of $1b when financing, permits, FID are still ahead of us.
For those long-term investors, we can look forward to CLEOP coming online potentially as early as next month (mid-year) and I wouldn't be surprised if we hear who our first equity investor is in Stage 1 of the project in the coming months.
As per the company's update late last week, we won't find out the outcome of State/EU grants until Q4CY2024. In the interim, I'm sure we'll hear more from the EU post May 23 when the CRM Act officially commences.
VUL Price at posting:
$4.78 Sentiment: Buy Disclosure: Held
