RE: Is this a possibility?5 Mar 2023 08:21
I just don’t see why anyone would want to get out now in the hope of trading back in in a few months or so. First, there’s an automatic loss of around 8% based on SNG’s high spread. Second as discussed, good news could drop at a moment (although who knows if it’s 3,6 or 12 months). And finally, no one is certain of the cash situation til final year results (end May? - 2 and a bit months away) and the AGM. My hunch is that they have more cash than the doom-mongers on here moan on about and would have a plan to streamline way before cash gets anywhere near zero.
Of course looking back with hindsight, but there were significantly higher ‘trading’ opportunities when the SP was in the 20s - there’s just not many now IMHO, unless the cash situation is dire.
DYOR and all that.
Dudio