Far East Capital Newsletter
Sentiment continues to improve
11 Nov 2023

In This Issue

Sentiment continues to improve

Another improvement in sentiment suggests that we are coming out of the selldown that has been weighing on stocks for many months. This means that share prices will be moving higher. Speculators are alive and well and they have started to become more aggressive.

Some of the best performers in the market have been lithium explorers, showing that there is still an appetite. As an example, Krakatoa (KTA) shot higher last week, rising from 2.5c to peak at 7.8c on the announcement of thick intersections (up to 39m) of pegmatites from a flat-lying zone commencing at vertical depths of 70m. By the end of the week the shares had fallen back to 3.4c, so it was really a smash and grab by the day traders. WA1 was another big performer though this seemed to be about momentum more than anything else. See the comments on niobium further down. 

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