Need to accept the fact that...18 Nov 2019 13:53
a lot of interested buyers are hoping for the "slow slide till Spring" - as Anotherlambo puts it ("might take a punt at 3p"). Nobody knows - consequently, that idea is based on nothing other than speculation. Could be right but could also be completely wrong. As always betting on the SP development going forward is a gamble. As Mr. Positiv correctly mentioned, PM's SP has often risen substantially during the winter months. Not only between December 2016 till Febr. 2017 but also last year.
Short term it's pure speculation - as always. Middle to long term however, there is an enormous upside. The question that remains is: How long do the potential buyers want to wait to get their fair share of PM's potential success going forward? Speculating on the SP's bottom may or not be the right strategy. At this SP level and from my modest POV: It won't really make a big difference.
GLA