I think we have all seen the sp going up in readiness of an rns, and this has happened every time there is an rns due over the last few years only to find that instead of continuing the upwards trend after good news the sp always declines. So to me this looks like those are just edging their bets before the good news so they can buy back in at a lower price if it happens again. But of course sod’s law will kick in and this time the sp will NOT drop back but catch everyone out and continue to climb to 2.5p, and they will be kicking themselves.
I agree and perhaps not surprising that those that bought in at 1.10/1.20 will be selling into strength. Nothing changes, the reasons why those of us invested years ago (2-4 depending on who you are!) are still there. So I am confident that this is just a degree of profit taking and after a short blip the path will continue upwards.
we have had 4 strait days of going up again, nothing goes up in a strait line, even when year after year of dropping we had up days, but guess what it carried on falling. is it a shake to get some cheap shares? time is the only thing that will tell us. but i would not want to risk trying to buy back in lower with news that could come any time.
I've enjoyed sharing views with you for some years and hope to stumble across you on future sites. Almost went t&&s up with IFL but have learnt a lot since then. Good luck with future ventures mate. (This sounds like an obituary!)
anirek I understand that a genset may well be used to run the Dangote factory by General Electrics not by the grid as GE has agreed to suppy gensets to all Dangotes factories in Africa , also run on gas ,
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