RE: Added more30 Oct 2020 22:34
Yes DavidLaw
on FAR recent sp movement been for small or big mining project, my eye have been looking always at the early September day rise high to 16p closing at 12p, as resistance level.
So in my mind considering that big Bala project was/is at best many months away and that current operation, don't justify a price higher than previous early September range, I was lucky to sell a decent profit . I would have hold a bit longer if wasn't for late rns that created in me some sort of uncertainty.
Price since then has come down hence my re-entry, with the hope that at list even if not making profit, production will keep rising. Finger crossed 8p should hold with potential to go back to 13p or higher is decent production is maintained.
It seems to me that all news bad or good are out, including BFS no ready till next year and same for final connection to electric grid. Also there may be some more positive rns on more small operational jobs completions. In the other hand I can see some more shares been issued not this year but likely next year, but who knows at what price and possibly small amount. Then there is always the potential of a rise in vanadium price, if we all agree that today prices are below long time trend.
On the US market I too invest there some time, made good profits on Biopharms working on vaccine, but right now I am trying to stay away in any meaningful way, there is a correction going on and possibly the only shares that may hold the price are there small cap companies like FAR.
If you really like take a chance in US have a look at AlphProTech, bought and sold few times but is also good to hold. RSN coming out 5th November or there about with 3Q results that should be good, but is just after the election so risks attached.
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