The ignoring game is on again, entertaining indeed.
Anyway, from a trading perspective this is going to be interesting. With each day passing without any substantial information the price will become more vulnerable. Sub 10 cents will act like a vertigo inducing abyss which may lead to some sharp drops as weaker or leveraged investors will have to get the hell out of Dodge. These drops may be short lived but absent any liquidity will be pretty severe in terms of price.
A 7.5 cents reentry point may be in the cards for those daring enough to put their toes into this. I see the same situation on the German exchanges.
However, and this is indeed the caveat emptor, any positive news could counteract this move. But let’s be honest to ourselves: only financing and a positive FID will lever this share from the fangs of its decades long ebb. Not even the draft release of the plant EIS from the butterfly and bug counter will change that short term or any titanic titanium offtake either.
TNG Price at posting:
10.0¢ Sentiment: None Disclosure: Held
