RE: Propped up...21 Apr 2017 13:33
I'm the buyer who took a small bite yesterday and got mugged at 12p. It's on the high side, but you can't know what the price will be tomorrow with any share. The price does seem to be at the whims of the MMs, but the chart is very strong and I think we've seen the bottom. If we haven't seen the bottom I will take another bite. The way I see it this company has weathered the storm and the commodities cycle will turn as it does. The likelihood is this will happen in the next two years, a period in which it's guaranteed the business will continue to operate. This is exactly the type of business Trump's America will want to keep afloat, the competition in Chile have their hands full and also want the price to rise, applications for iodine are increasing and developing countries are trying to reverse iodine deficiency. There's life in this old dog, IMO and when it starts running it will run fast and far.