Agreed 100%. Macro scale factors hit just about every resource stock and honestly Trump and China issues all that entails, i.e. fears of China slowdown can probably account for at least 30cents of this stocks price downturn. It was probably a bit inflated at this stage getting to 80cents, and a cycle was always going to see it come down off highs. Mixed with a lull in news flow, cap raise, and said macro economic narative that knocked 50% of a lot of good stocks, what we have here is a low point in many respects, and very very very cheap if you answer the one important question in the positive,,,, that is,,, will Gabi become a vanadium mine?
I have always believed in TMT and having held both AVL and TMT in the past, hands down I think TMT have the more competent board to progress this towards the production goal..
I held from 18c to 40c and left a lot on the table on the way up, but since them TMT haven't put a foot wrong, fundamentally continued to power forward, and I consider it a gift that market and stock dynamics have offered the opportunity to buy back in again at 30 cents.
Ignoring company and project catalysts entirely, I feel even just general improved market sentiment and a bit of a brighter global outlook has the potential to push this back to 40c plus quite easily.
But otherwise TMT have been a solid bet literally from day one, and i'm happy to be back in now that they have more attention and potential to bring money in a lot easier that 12 Months ago. All in my opinion of course, but TMT is one I have never soured on, and too much is getting read into the huge drop from highs, and too much ignorance of how easily it could climb again.
TMT Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held