RE:RE:RE:RE:RE:RE:Technical support @ $0.57 That's right, its definitely normal to see "consolidation" after a large spike in the price. Heck, I sold a decent chunk of my position near the peak given the 4x move off the lows, and am slowly starting to buy back now.
I don't see the number of shares as an issue. At the end of the day it comes down to the company's valuation. If they halved the share count tomorrow and doubled the price, nothing would really change because of the fact there would be fewer shares. The company's valuation would be exactly the same.
Agree, fully permitted would be a positive catalyst, add it to the list! But I don't think there's a major rush to get it permitted. They still have plenty of runway to advance the project prior to that needing to be complete. And resource investors understand these things take time. The fact that the Quebec government is so strongly behind them and EV/Renewable industry overall is a very important factor in having confidence it will eventually get done.
Agree, figuring out what that support level will be is tough. I try to lean on both techinicals (EMAs have traditionally been very helpful for me) and fundamentals - i.e. is the valuation I'm paying today favorable, even if the stock declines further - at a $117M I think its very favorable, given how advanced they are and the potential upside. However, that's not to say I'm not leaving room to buy more if it declines further - I almost always do.
Apprecaite the dialogue
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It all depends on the investor's style, some buy 10,000 shares, it doesn't bother having a variation of $ 0.20 but an investor who buys 100,000, 200,000 shares a variation of $ 0.20 is huge :)))
Buying or selling in stages like you are doing is the best thing to do.
Yes, you are right on several points.