Koba Resources: tin/tungsten explorer in Qld

Koba Resources: tin/tungsten explorer in Qld

There is nothing unusual about the market just now. We had the short term peak at the end of February, right on schedule. That was healthy. The anticipated, subsequent correction was countermanded by one of the most ill-thought-out military actions in recent history and the uncertainty that it generated saw the correction morph into a bear trend.

The gold price has also been a casualty, falling by around 25% since it peaked in 2025. The geopolitical uncertainty actually caused some sovereign selling as countries decided it might be wise to cash up for a while.

Resources have been taking a backward step in the last couple of months as the US markets have been captivated by AI and SpaceX. The “sell in May and go away” thematic has further encouraged investors to step back, and on top of that has been the usual June slowdown as tax selling closes out the financial year.

So, what's new? No much. We are waiting for signals that have been slow in coming forward. That means it is a buyers market. There is no need to be buying anything in a hurry but now is the time when smart decisions are made.

This week we look at an early stage tin and tungsten exploration company capitalised at less than $8m. Tin stocks have been good performers of late but there is only one serious producer in Australia; MetalsX. The rest are pre-production. It wasn’t that long ago that tin companies were seen as boring, but they too now claim to be critical metals companies.

We have added the Sentiment Oscillator numbers this week and will do so in the future editions. The Oscillator reading was -52. It was last near here, at -54, in September 2023.

Sentiment Oscillator
Charts in Uptrend: 15%
Charts in Downtrend: 67%