If they are going to exercise warants, it makes sense to reduce their share holding to keep themselves from been over exposed does it not? Most II/brokers that a maximum % of companies they hold due to risk management
I wouldn't expect it for at least a week if Zim notified them things were finally progressing, but saying that not many people expected drawdown complete RNS the day after the "shortly imminently" RNS, so who knows
I'm kicking myself with ESL too, saw it go to 4.50 and nearly bought but thought it'd go down abit more. Ended up in at 6.8 and then sold the other day for 13.50 before it started to drop
I mean if you are certain the stock is going to go up then you should thank them for shorting, when it does go up it will cause a short squeeze thus pushing it further
Nothing anyone says on this BB effects the SP one way or another, people have ramped their T I T S off and it went down, people highlighting potential issues won't move this down. People sell because they have their own trading agenda that doesn't have to align with yours.
Most people think this will receed over the week before it gets some momentum behind it, I wouldn't be surprised if we see 0.22-0.23 again before it gains some momentum from anticipation
Hahah Sam, seems we have the same trading plan so far, we both move from one share, to the certain other share, then potentially here with the extra depending on the news
3p based on lower end grades of diamonds and from BP too baring in mind. Considering our area in Zim is known for grades on the higher end and the grades we saw a few weeks back from the prelim results suggest BP also holds some great grades, we could see it go higher than that. Key things to happen now is both BP and ZIM to enter full production and more importantly, get the crap finance deal refinanced based on JORC results