agreed, besides a bit of consolidation in the 1.3 to 1.5 range isn't gonna hurt none. we might see a few departing their positions, but given that most new holders bought over 1.3c and most soph investors are looking at a 2.5c christmas to say the least, i can't imagine a whole lot of selling happening below 1.3.
getting back to another post of kempemans (i think), the comparison with FSE is even more interesting given that FSE only has 1.3mill and no project, but on the expectation of a coal deal is still happily aloft at 30mill and perhaps even climbing.
we should know soon just how much money we have, probably around 3mill. if the placement got fully taken up i am sure we will see more upward pressure from traders. news, as always, would be a welcome boost of confidance for those teetering on taking porfits
FUT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held