Lotus Resources Limited

This is just about thinking there are lots of opportunities on lots of different stocks at any time to short, but it's being in the right ones that's the key thing here.

Now, Lotus Resources is a good one.

If you could get a chance to look at that chart, have a look at the monthly chart first, and you'll see that in dramatic fashion, it would fall really swiftly to the downside after the top.

There are a number of rules that you can use to actually make a decision to enter, but the way that we managed it on Zip might not be the same way that we managed it on this one.

Not sure why, I'm not going to lie.

Let's go to the other side of the equation, and that is Lotus Resources, Accent Resources, Sky Metals, Baguan Marine, and Carvel Minerals, all down between 9% and 15%, roughly speaking.

So tonight we get an interest rate decision from the ECB, data in the US as well, the US September PCE deflator and the US third quarter GDP.

So we'll be looking for AI capex spend as a part of that.

Malawi offers a different lesson.

Lotus Resources has secured the final approval it needs to export uranium from its mine.

The mine is already operating, yet its product could not leave until three countries signed off.

Malawi, Zambia, and Namibia each had to approve the shipment before it could reach the ports of Walvis Bay.

For investors, the takeaway is that the path to production is easier right now for projects with strategic partners than for those relying on the equity market.

That market remains unsettled.

Even then, Lotus Resources shows that getting uranium to the buyer is never simple.

Geopolitical risk and extreme weather make mining in Africa harder still.

We've seen companies experience commissioning problems, delays, cost increases, and additional capital requirements.

Lotus Resources has faced commissioning challenges, and Deep Yellow has deferred a final investment decision at its Tumas project in Nambia.

These examples highlight why higher uranium prices may be needed to justify investments in some new projects.

But they also demonstrate why investors need to be selective.

Cetar, also moving after an Israeli hedge fund, bought up a more than 5% stake in that company, while the laggards include these stocks on your screen.

Lotus Resources was down 20%.

All right, tonight, really busy on the earnings front.

You've got the likes of JP Morgan, Johnson & Johnson, Goldman Sachs, Wells Fargo, Citigroup, UnitedHealth.