Considering how events move in this sector I should imagine that we may hear more about the release from administration this week although the real game changer should occur when there is an RNS detailing the plans for the tax losses. I hope that the SP responds accordingly as it has been a long wait to get to this stage. Casting my mind back to the highs of last year; I remember that it was a gradual build up with an SLM update along the way (40s) and it reached the 70s when the Themac DFS was released and dropped from there. There was a post recently which observed that it also coincided with the anticipated exit from administration, however I cannot recall whether this was indeed the case. I am hoping it was considering the news to be expected over the coming weeks, a new bottom in the 40s or 50s would provide a good platform for the ongoing news from Argentina and the Philippines over the turn of the year.
All of this said I do wonder where Margic has got to.
can anyone shed light at to why this rise and the diference between them and ecr? seems to me other companies rocket on news and we plod or drop :( new to this so some input would be appreciated cheers like!
Hi LG, understandable reasoning. Good point. Lots of cash readily available. You wouldn't ask for a 10 mill loan for a 3 mill outlay on existing projects? Fingers and toes crossed! :D jee's this 3 year old rioja is sinking nicely...
I wouldn't hold ur breath. In aim, u practically need a signed guarantee ur gonna be minted to see movement in sp in a bad market! We could b waiting. However, Mga just might do that. Crusher at SLM with plans might also ;) itogon with earn in also. Themac will prolly be later
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