Originally posted by Wilma85
Sentiment is a strange phenomenon. If the SP was to run to 40c tomorrow on high volume FOMO would kick in and many people would be scrambling to buy to more, even without any change to the fundamentals. Sitting at 22c with little volume and the depth board looking a little anaemic and everyone is getting nervous. Sentiment will change, the buyers will return, and 23c may turn out to be the bargain that many missed out on.
Free of the ROFR shackles, A40 is finally back in the game to secure a second offtake partner. When, not if, we secure a second offtake partner, you can be sure that the SP will go well north of current levels.
Wonder what an industry leading offtake would do to sentiment.
Fingers crossed these people know what they are talking about.