We go again tomorrow. Up she goes.12 Jan 2025 21:14
Nothing has changed here since Friday’s RNS. Apart from a delay - a short one for investors, a longer one for traders. The traders sold on Friday, the investors remain. I don’t blame the traders, they can’t hang about for as long as 60 days. They need out to try and make their money elsewhere. What they know though is the investment here has not changed, perhaps even grown a little.
Reading some of the comments over the weekend it’s clear some traders would like to get back in, either tomorrow, in the next few days and certainly before the price starts rising to 9s and 10s again.
Given that traders sold out the SP was always going to drop on Friday but I think we will find that 20% is it. It will start to rise again now. Investors remain put and they will be topping up. Traders will start returning as the opportunity here remains the same.
There has been no bad news. Just a delay. In mining I will take that every day.