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Trading update end of this month. Who knows, might stimulate so action here...
Think the point is that the economic damage is much greater once the raw materials have been converted into high tech gadgets. So banning exports of cheap raw materials (comparatively) has a limited impact. Restricting exports of high margin goods will do serious damage to the Chinese economy and so is unlikely to happen.
I think this has further to go. Small mcap company and lots of interest. Prefect recipe for further increases. Hard part is judging when to get out. Is it when people start to realise the company is only mining a small mole hill each month or when the end of the trade dispute nears.
1.2m tonnes at 2% isn't really a word class asset and got the wrong vehicles to exploit it anyway.
Long term it is still a punt on a viable find.
No not really. This rise is just noise. Clearly people buying in having done no research whatsoever. I hope buyers are lucky and the trade dispute lasts long enough for the company to raise more funds and find a viable mining area. Otherwise this will tank