Although we shouldn't just be focused on the JV being finally announced I've just got a funny feeling it can't be that far away ... there's a reason Ceres have taken on many so many more tech staff over the last 6 months ... the RNS could drop at any point.
And Bosche has massive investment in China ... another $1 billion investment was announced in Jan https://www.electrive.com/2023/01/16/bosch-to-invest-over-1-billion-in-e-mobility-capacities-in-china/ The fact that Weichai had their ceremony a while ago and that Ceres is mentioned on link below by @Chilting means this is just a matter of time before the JV is announced ... that will be a great RNS to wake up to. Cheers
Good update ... although Lorna said no more MUO's or LOI's this is a vital step forward now and the contract can't be finalised until Noble finish their farm in contract ... best news for some time though and wouldn't want to be out of this over the Easter holiday ... should be in the 7s today ? Cheers
The fall back is purely what we see tine and again ... I have a long term holding here but do very occasionally trade short term instead ... bought a side bet last weeks at 316 and sold at 3.76 so 19% in 2 or 3 days is a nice gain ... often in a short term rise this for no reason we see the price dip a bit until it finds its new level ... it's now 11% off yesterday's short lived peak of nearly 400 and will probably slip back just a wee tad more until it finds its new level ... think they'll be no news until JV is announced so all depends on this now.
Ripe for a take over just due to mining asset ... what sort of price would that yield for share holders ? ... extremely high risk but could be money be to made buying at this price ?
Hi we always take a gamble when we invest in this type of company ... personally I should have looked into track record of management more ... a useful lesson learnt.
Well 20% in just a bit over a day is a good start to recovery ... suspect it might slip back a tiny bit before news as there's always a bit of short term profit taking on these sudden increases ... but hopefully it's found its new level now.