Resilience29 Jan 2020 09:58
Great to see such resilient buying yesterday. GIven we ended the day almost 500k shares bought over sold, someone is going to have to sell quite a few shares to justify another significant dip, all things being equal. (Obviously they often aren't!)
Given we are 60% down on our all time highs and the vanadium price is no secret, and the relentless argument thrown against us by our nefarious visitors is that we have tracked the vanadium price, Loudspeaker was correct to point out that the effects of the Vanadium price are well and truly baked into the share price. How could they not be after 18 months of the trolling visits and shorting we have had.
It will be interesting to see if someone attempts any kind of push down on the Q4 results, given these factors, the already low share price, given the clear number waiting to buy any significant dip and the requirement to buy shares at a much lower price to close out any significant short-based move.
When you think where this business is likely to be in only one years time, with BE East London in production and our VIP platform bearing the fruits of its investments, Mokopane finalised, Vancehm in full swing and the elevating year for VRFB it looks like being, it is pretty clear that these days of scratching around at 20p are going to disappear soon enough. How brave are these clowns. It is pretty clear the upside is not in starting a short at 19.77p, it is buying and holding for main event.
This year hasn't really got started yet for shareholders but I feel it soon will, once these results are out of the way. Does anyone think FM and MN are sitting back letting things tick along, or are they working tirelessly to realise the fruits of their extensive efforts and deliver the value for shareholders they are always so keen to state is front and centre of their plans.