RE: EU Ban on Iron & Steel Imports / RASP12 Mar 2022 09:49
Great analysis, Blacksteel.
How do you explain the precipitous drop in sp before the war began? Surely institutions were given the nod that something bad was being planned by the FCA, before dumping stock. Could the institutions have miscalculated? So far it seems so. Many, including me think the market overreacted, and 60p was a bargain. If known in advance, this temporary suspension wouldnt cause a 90% drop in sp. So what would? Fear of something worse most likely. For the reasons many have stated, i cant see how this can be delisted, but the drop suggests some bad news may still be pending?