focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I trust it’s not too controversial to say I think DARK is in a downward trend? I’ve drawn a line joining the last 6 daily candles and projected it beyond the AGM. If the SP continues this trend, then DARK will be at c450 on the 24th. That level also corresponds with similar price action seen in early July
Just an observation: who knows where DARK’s headed in the near term
DYOR
GLA
My pleasure. BtW, I really appreciate your, and Claire’s, sage inputs - BZ
I’ve been on tender hooks for most of the day wondering whether we’re to visit the support around 550. Onwards and upwards - hopefully, and with a fair wind
FYI:
https://www.markiteconomics.com/Public/Home/PressRelease/4bff8d94ca9541a5a88a9aa43bdeb3fc
Raleigh, it looked to me that Monday’s daily candle had some potential for the SP to rise in the near term - albeit low trading volume
Construction CPI is published tomorrow morning at 0930 and from that we may be better able to understand how the sector is bearing up during these unprecedented times.
Let’s hope the SP recovers it mojo and gains an upward trajectory.
I should have mentioned yesterday about all of the recent column inches dedicated to next week’s Queen’s speech and the prospect therein for the construction industry during the rest of this Parliament. Fingers crossed.
Raleigh, here’s a couple of big *ifs*. If IKO’s average is around 60p, if CD&R plan to take the company private, and if the norm is for those buying to make an offer at the SP plus 50%. Also worth factoring in that IKO will want more than their average price - say 10%. Then we’re getting close to being in the bottom end of the buying zone - I’d say 46p would be the absolute bottom.
All hypothetical of course, I ain’t got a clue as to IKO’s intentions for SIG. interesting times ahead.