Cautious optimism21 Apr 2019 10:04
Putting aside the issue of market manipulation for the moment, the most obvious economic reason for the overdone fall in the share price is the failure to meet production targets and the dramatic fall in the V price both of which adversely affect previously anticipated revenue and therefore profits.
We have already seen a welcome increase in the V price and over the next few days we will get Q1 production figures which will hopefully reflect the improvements put in place towards the end of last year and will provide the basis for higher production guidance figures fo the rest of the year.
There is reason therefore for cautious optimism for the week ahead and a belief that the bottom has finally been reached
Finally my thanks to Pdub for keeping the flag flying this week against people whose motives I find despicable and I wish him well for a speedy recovery with his health