Review of this week10 Jul 2024 16:55
Down 20% today, but a retrace was expected, and an RNS was not. I don’t agree that this was a terrible presentation (I’ve certainly seen much worse); key issue was too much hopeful buying and trying to get rich quick (but much easier to blame someone else eh?).
The fact that next steps have been reconfirmed, with relevant timings, and even some costings, is helpful. Production within 18 months is amazingly speedy.
Loads of risk along the way, but the EWT result is obviously key (SP move to 3-5p, or even 0.25p I reckon after that RNS). Overall I’m in at 1.25p and think that’s a reasonable price for the risk/road ahead, but on close watch.
Thanks to all the posters with useful info/views and GLA