RE: Approaching 1.5p as expected6 Mar 2025 10:17
I think we are more likely to go up from here. As has been said, the sellers from the directors sales due to tax reasons have now gone. The big seller got cleared earlier this week as well, and we would probably be marching into the 2p range had the unforunate RNS not landed on Tuesday after close.
The SQM earn in deal was significant and again we would have gone higher had there not been a sizeable seller putting pressure on the stock. The deal was great and provides some extra cashflow near term which is a bonus. Once the new plant is operational with highergrade tin being processed i suspect we will have serious rerate here.
Whats the saying? No one wants it, until everyone wants it