Most holders must be looking at this now and wondering if the SP...

Most holders must be looking at this now and wondering if the SP is about to drop through the floor completely

I spent too much and was in the red for T3 - normally I would sell my worst performing stocks - atm that means MHM STB ATI

I should really have excited these positions long ago, but they are all stories, I wish to remain exposed to. (so I sold a few shares in MAD instead)

I asked Tony Locantro if he had any views on ATI - he has a subscription newsletter and is not there to answer my questions on individual stocks outside of his coverage , but in conversation he mentioned that he saw an ATI presentation last Thursday.

Not sure if we would be happy with me repeating his comment - but here it is

"I saw ATI present last Thursday and whilst he ran through issues it didn't
seem terminal. MD pointed to future cash flows and pictures. Was a 10 min
job with food/grog. My history with Wmurra goes way back to Precious Metals
(PMA) in 1997. Saw the damage and vends so not for me"

The only thing I can take from this is, if he thought this puppy was about to roll over, he may of smelt something then.

The tree shaking idea, makes sense but I suspect, the following:

Threat of global downturn - see china - is putting pressure on IO contracts
Competing Vanadium suppliers are probably sinking the boot in while ATI is vulnerable - (I would be)
Start up issues and super tight cash position with expensive debt funding in a market that is still largely risk off.

I still think this is the best exposure to Vanadium on the ASX, but I would wait and see what happens before buying in now. Or buy a small stake and add later.