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Obviously no one really knows what’s around the corner but I reckon the price will bounce back tomorrow in line with the late bounce with the American related stocks. I think the fall was due to the disappointing US inflation figures.
As of the 15th of Jan, there was the lowest number of shorts since April last year. Seems shorters are retreating.
https://www.marketbeat.com/stocks/OTCMKTS/CPWHF/SHORT-INTEREST/
I'm with you Savvy, the trading update was just a notification that the profit from the JV most likely won't be included in this financial year, but will be in the next. Other than that it was very positive. Even Marshall Wallace are reducing their short position. I think those that just sold up will regret it.
Mark, i think you got it spot on again without knowing it!! :)
I think you're right about buying in under £3.50 too.
The reduced income for this tax year (reconfirmed to be next year instead) has now been factored in and even if they do need another cash raise, the last one was easily funded by the institutions without PI's getting a sniff!!
Confirmation of £240m funding for green hydrogen projects
https://www.bbc.co.uk/news/science-environment-65107072
City Bank favour CWR as growth stock for 2023
https://www.ii.co.uk/analysis-commentary/33-growth-stocks-own-2023-ii526542