I am always annoyed when deadlines are passed without any comment like we need more time (10 years). It is in competence. Maybe we can cling to the 21st as a deadline but with recent gains although still a sizeable loss to me, I will not stay in if this drops below 5p. I will look to buy back in. If I had done that at 40p I would now be OK. Of course if I sell some the next day it will rocket but at least I will be happier than watching the drift down. I am hoping the next few days are better with a decision on Thursday but who knows
Having previously tried to make sense of delayed trades by comparing them to the price at the time, and in all likelihood failed, I now just try to apply common sense. I asked myself is it more likely to be a brave buy that didn't impact on the SP, or a Lanstead sell. I went for the latter.
I think that the time stamp can sometimes be very misleading, and I'm not sure it necessarily aligns with either the start of the transaction or the end.
Price down 4% here and in Sweden today. Market expected news by now which hasn't arrived. Each day without decision will see SP fall. Exactly what the Swedish government wants. Having dealt with government departments internationally in a past life, there is one common feature they all share: a strong aversion to making decisions in December. The Christmas break is as much a state of atrophy as a national holiday. I would be amazed if we get a decision before Christmas. Of course, after The break, it takes any bureaucrat a minimum of 3 weeks to shake of the sprout induced torpor, so my guess is second half of January onwards. As a contingency, I've asked Santa for a shovel and a one way ticket to Jokmokk and I'll dig the f*cker up myself...
Pabslabs. You were right you did read 9 months, saw it again this week, 3-9 months is the usual time... think it was in Gruvgunnar's weekend reading. The thing that puzzles me is that the Bergestaten would have allowed the permit at the beginning of the year if the CAB had given the thumbs up (which they did not); so when the CAB finally did agree that the application was acceptable in terms of the law, then why the long delay now. The official government spokesperson said they had had it for consideration only since in 13 Feb, but she rather missed the point that it had been officially lodged with the MI since Apr 13 and the MI are the government permitting agency. I'm thinking very optimistic thoughts about what's going on... always do as you know....one day I might be right.
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