Looking at the chart, SP is currently in a tight trading range with relatively low trading volume, A40 is in a consolidation mode awaiting further news.
I believe the market is waiting for
1) Signing of 2nd/3rd offtake partner but we might have to be realistic - it is quite hard to do a good deal in this market condition. At this stage, signing stable & reputable partner is more important than the offtake price (which is market linked pricing anyway). After all, with BaoJiang regularly taking their share of our output, there's not that much left for others, until FC is commissioned in Sep quarter.
2) The other important milestone is the Feb/Mar production performance and Q3 financial performance (which will be revealed by end Apr quarterly cashflow/activities reports and early May quarterly FS).
Meanwhile, it will be rather quiet before the storm.
Shipment information, page-216
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