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I have a feeling this might be a week for the traders and shorters, not for the long term holders.
All a guess so don't go crazy but, have the feeling no news this week and most likely next week but the JORC is on the horizon. 2 or 3 weeks and something else will land.
I did say I was going to put it in sock drawer but then it shot up 20% in a day so 2nd time lucky.
I presumed the ommision of that information in the RNS to be unrelated to that topic.
"We have the WK license, we are continuing with our strategy blah blah" all just a short sharp RNS fomality. If you were concentrating on something bigger these smaller elements to the deal would be just get something out, short sharp, don't have time to type up a massive explanation, probably a copy and paste job.
Got excited this week but all f*rt and no p**h. Guessing 1 more piece at the end of the month and maybe a bit closer to the end. I would like to be free of this share or at least know the expiration date.
GLA
When you get a bit of info but are excited for the next bit, but you know it could be a couple of weeks off. But you want it now.
You know it's coming but you don't know when, so you get up and check every morning, then at the end of the day. Days pass, weeks then out of the blue, bam more info not the full picture but another piece to the puzzle.
Remember patience is a virtue, GLA.
When you know something is coming 'shortly' so you wake up every day saying "I wonder if today will be the day". Then it isn't and you have to repeat the process.
Hopefully 'shortly' is 'soon' and we can move forward with bit more meat on the bones.
Because of the good but vague nature of the RNS if has allowed the naysayers and shorters to come back to the fold.
Also annoying is the 40p crew or 60p crew, how was this news going to get us to 40p. Good news in a way but nothing amazing.
All the RNS has proved is we are waiting for at least 2 or 3 more bits of news before the sale news.
Hopefully the SP doesn't deteriorate back down to 20p but we will have to just hang on and wait.
Had in my head since about May that this would be done by end of Sept, early Oct, that is my prediction.
BUT as things have been slow could be just before Christmas break up. I'd imagine the buyer will want to have all paperwork done well before the next mining season so they can hit the ground running.
As lame as ever and desperately trying to cover their shorts.
- The BOD is lying in the latest RNS
- The sale won't happen and the SP will drop
- The company is over valued and the re-rate will be low
- The ground is contaminated and worth nothing
- The minerals are worthless in the ground
- This is a ramp and SP will drop again
People were complaining about the BOD and the SP decline asking for them to do something, so they have.
My favourite part
"The board is committed to execute on the strategy as announced on 12 May.”
To all the derampers and shorters I hope you cashed out at 14.75p when it was down there, never wish ill on people, but to those of you who have been making peoples lives miserable there is some poetic justice in this rise.
As quick as it went down it comes back up should level at around 27-28p over next few days, unless more news.
Just need the license, JORC, DFS and then we will, IMO, get the final sale price.
What is this worth is the big question again.
To all the shorters, you did well for a bit but you knew this day was coming.
GLA
Literally just gone and grabbed a beer and some crisps, sat down to relax. Maybe, just maybe we are on the up and news could be around the corner. Still thinking 3-6 months because then I won't be disappointed.