RE: Level 226 Oct 2018 17:52
Unfortunately the Mm Sat 1 on ask at 3.74p does not show the 1million shares they had up to 3.8p to actually sell!
And that was after the 560k+ buy! Delayed 560k+ yesterday too offset by a delayed 500k sell. Expect to see at least another 500k sell arrive later.
The FS is impossible to be bad or have a curve ball, it has been enhanced to improve on the previous studies, for several months there has been positive buying otherwise would have propelled price was it not for LO.
Markets, Trump tarrifs and warehouse drawdown has effected the metal space and the FS is not arriving on the crest of a wave it will take a little longer for value to kick in fully. Warehouse restocking on the back of Trump tarrif dropped and The lid on metals will be lifted and this with it. Also these are current problems your investment is interested in 2yrs from now and Nickel supply issues current issues have actually gifted many with averages they would not have obtained had market conditions been better. Double edged sword!
Some choose to sell pre news it would seem too, hanging in for a pre rise that LO stifled and getting out before release. Fear of sell on news, but you do that when news priced in! This should be sat near 5p if not for LO. This is also the last confirmation of the project economics for the market to genuinely take its ability to go to production seriously.
Offtakers senior debt, partners need this phase before acting.