Stability in price would indicate22 Feb 2024 09:48
The shorters inability to follow through their hunch as thre is a resilient believe in a solution in everyone's interests that is not a bust.
The market would be ahead of the news and would have pushed the SP back to the oversold 14/15p long ago. We would not be rangebound at 26/30 for the last 3+ weeks.
Whatever happens happens and there seems to be so much potential here. A coiled spring at some point, even form a lower base than now.
FWIW it seems an each way bet at this stage, although a risky one.
Whatever the solution, it would seem prudent to be involved now with funds available to add on a drop before the inevitable recovery.
However the biggist risk seems to be for the shorters and Helikon in particular that there is NO DROP going forward and the news is positive.
Think ARB, who would have thought it would recover from 2/3p and 7 bag - although I was glad to exot and 80p and miss out on that. Markets make fools of many and the opposite of what the herd expect often happens / then reverses and reverses again.
Add trim or trim add. I still expect to be trading PFC for many years to come.
Holding out for a 70p trim.