share price22 Feb 2011 08:26
The price seems doomed never to reach the highs people comment becuase what always happens, is they release an RNS (like at christmas regarding the licence) the share price will rise maybe a couple of pence, but then because no news is forthcoming in the following months, the price drifts down, like we are doing now (from memory we were 6p around New Year and slowly we have dropped back to below 5 and I envisage we will go further down as investors get bored. The problem then is if the next RNS production update is bad (which I anticipate it will be hence the silence, especially when copper prices are so high ACU should be trumpeting production figures) we go further down if its the norm we probably go back to 6p and then the whole cycle will start again. The share price doesn't seem to be able a level around the 6p which to build on when production updates are released