There is stuff all volume on both sides of the screen, if you...

There is stuff all volume on both sides of the screen, if you really want to analyse it, there is currently 869,200 shares in the sell queue asking $85,846 on the ASX. If 1st Sam (or any other large holder, but let's say 1st Sam) wanted to, they could tip in another $86K, less than 1% of current capital invested, wipe the sell queue at market, and instantly make paper gains of 112% (SP 0.08 to 0.17) - there are reasons why this is unlikely to happen but just saying.

Everyone is sitting in the red at the moment, no one wants to sell at a loss, IMHO we already hit market capitulation on 13/06. The current sell down is probably Magna getting what they can, let's assume they got issued shares (35.7M pre/2.4M post) on or around the start of July, maybe in 3 placements, 800K per month for 3 months, they're probably just offloading the last of them now.



From a TA perspective - we've got low volume, we're completely oversold with a RSI of 32, and our MACD is above the signal line (just) but below zero. The market is cyclical and all these things will change.

Then there is the Bollinger Bands, if these squeezed any tighter they'd cross, they highlight volatility and we've had 3 weeks of extremely low volatility. Again, the market is cyclical and moments of low volatility are followed by moments of high volatility, but which direction will we break? Given the above TA and the upcoming expansion announcements, I'm betting upwards.

When sentiment changes and people start buying again, and they will, this stock is going to explode IMHO.

Cedrics gone, we've got an experienced team onsite (have you read John Clayton's CV?), we've started expansion construction and are 3 months ahead of schedule last we heard, Cedric's bonus is null and void, what's not to like?

Sales - to be perfectly honest I believe sales are the least of our worries, if we can supply it the mills will buy it, if we can supply more the mills will buy more, they have told us this.

Also don't forget that as recently as 4 months ago 1st Sam and other HNWs invested $10M cash, that's 53% of our current MC in cash.

Lastly, everyone on HC has an agenda. Retail can't short this stock (at least not to my knowledge) so the only way anyone here can make money is by buying low and selling high, everyone who spends time posting on these boards wants to either buy low or sell high. Just keep that in mind.

All IMHO and DYOR.