RE: Another week28 Mar 2020 07:56
Eloro....
It got suspended due to a ‘Commerical’ tweet from Hammond that disclosed information that was sensitive and in all likelihood the subject of an NDA between Eurasia and CITEC (that engagement letter was signed).
The suspension is of that reason in my opinion and given the current climate, would you pull your company out of suspension to face the wrath of the Covid 19 turmoil and risk a significant downward spiral in the SP which has an intrinsic link to the cost of Palladium? No......
The commodity price of Palladium is now on the up and has recovered well considered in dropped down to circa 1350... Now back up to 2145...
So now the commodity price has risen, the company probably feels more safe in letting her back onto the market (if it was going to do so), on this assumption I’d be confident of a return soon. The suspension and ‘clarification’ has protected the SP.
On the other hand, IMO, the suspension is protecting the SP whilst there is an ongoing asset sale which in all likelihood perhaps has been lengthened by Covid. With the nation who had the greatest demand for our asset (China) getting back to its feet in terms of commerce, business and industry, talks I’m sure are now progressing where previously they may have stalled.
Yes, appreciate the frustration that there’s been no communication. But as I mentioned the other day, Russians are of a different culture, more reserved and when you’re dealing with a multi million dollar ‘potential’ deal, I for one wouldn’t do anything to compromise any NDA to protect the sale. I’m sure Eurasia got slapped about for Hammonds tweet by CITEC!!! So the silence to me is not worrying. Beware the ‘panic crew Boyz’ they tend to stretch their bot fly wings whenever their antennae start sensing potential news incoming... Their intention being mass panic on the cusp of the SP returning so they can pick up any panic sales on return.
Stay strong on this one. I know many need the funds, or ideal but I’m a firm optimist that we will look back and be thankful for the suspension. Best of luck...