RE: RNS - Plant commissioned9 Apr 2019 00:40
Cant hide my dissapointment at the sp retreating after some (even though expected) news on the CSD plant.
I think the problem, in part, may be that at the moment the sp is at the mercy of short term traders who bought in just for a quick profit on a news spike, but when it didnt happen they quickly (crazily at this price) bailed out. Only when we get some really big news like sale of assets or a good MRE on Kalaba or some really good data on Cheyeza/Lumbeta etc, will bigger longer term investors start to sit up and take notice.
Its still early days though and short term price down around 2.50 IMO seems like a fantastic buying opportunity on a 6 to 18 month view...Nick von Schirnding certainly thinks so and youd think he knows a bit more than the rest of us.
Fortune favours the brave/patient!