RE: Life of mine supply11 Sep 2023 20:48
DaisyDog says: ‘Been thinking all day about whether this is good or bad and cant help feel market has it right. Initial excitement (up near 20%) fading to realisation that we have had to sell such a large part of the business ( at a loss) to keep near term solvency that the longer term prospects have been hammered ( up a few % at close).’
Laugh, I nearly shat. Your conclusion at close of trading eh? What did you think about the RNS at 0700 this morning? Your opinion on the affirmative action that has been taken in a very short space of time, no doubt by a bunch of very smart people working 24/7 with a sign off from key stakeholders? The ‘market’ on any given Monday is the aggregate result of 100 odd punters of every persuasion, including numerous day traders, trying to turn a buck. Give it a week or two FFS. Preferably a year.