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Supply of cheap shares perhaps not available this time round if Schroders aren’t selling. Most weak holders already out and those remaining either holding or adding (me included). IMO shorts will start closing now and tonight’s update will be interesting. All IMO
If Schroders have finished selling down and this overhang is cleared, I think the shorts will struggle to push it lower. Traders will also be looking for a rinse and repeat on the rise up to 40p. FOMO will kick in around these levels. IMO
The delivery of Line 2 looks clearly mapped out. Passive provision included in Line 1 for Line 2 expansion and they’ve already bought half the kit. They’ve got accurate cost info and the supply chain in place so that will de-risk delivery.