RE: Tuesday news6 Dec 2020 06:09
Eva ~ if you’re looking at a stock in the portfolio and you don’t know why you’re holding it, then you should sell must certainly... I think you’re having a wobble, and correct me if I’m wrong, but you’ve had your hand forced either by margin or another opportunity which is causing pressure on timescales...
Just look at the situation here, it’s most favourable... the warrants weee accelerated, this never goes down well with warrants holders as it forces their hand to either dip into their cash resources, or sell down existing equity and bet the profit, both of which are happening... my view is that some of the warrants have been forward sold on a T20 basis... the company released the Clarke results as they were good, but weren’t the really high stuff that I’m expecting from baggy green for example, the news was always going to be used as an opportunity to sell into... with less selling pressure and good results incoming, this will put additional wind in our sails...
You should do what is right for you but I’m expecting a lot of news over the next couple of weeks, and no I don’t buy the whole lab delay etc, yes I think there’s potentially a backlog but let’s not forget that there are 2 labs working on the results, Adelaide and Perth...
Good luck with whatever you choose but I think you’re potentially selling at the wrong stage of the curve here...