Given this weeks events you would be forgiven in thinking the Rns won’t drop for a while.Not that anyone said so apart from shouting it from a rooftop. Still you can never say never.
A four point drop is a lucky escape.Presumably all those who like topping up will be doing just that.Some will see this as just too risky.Each to their own.
There is no good reason for the sp to drop as far as it did but for the fact of who it is selling.So ask yourself who would gain from a dive in the SP.Before the big Rns drops someone has to buy a whole load of shares.All imo.
If you had a stop loss on at 19p then you have probably lost your shares.Whether that’s good or bad I won’t know until tomorrow.Everone up at 7:00 then.
I think the deal is proving too complex.Trying to sell an unknown resource was always going to be difficult. I think a no deal is the most likely conclusion in Q1-Q3.No buyout takes this long.Q4 will. give a better result Imo.
I think they will soon get another tap on the shoulder from the AFC’s.Are you selling up or not ?Somehow I don’t think the holiday excuse will work twice.Wouldnt be surprised if they pull the plug until next year.Not good in the short term but by then the price of palladium will have rocketed.
That’s what I thinking regarding Christmas unless it is an attempt to deceive us which I don’t believe.Unless it goes into March in which case we have been played for suckers.If nothing happens in two weeks then I will start to worry.
If Eua believe they have 40m oz then that’s what they will sell.If they are bit wushu wash about it then the Sp will be based on something between 15 an 40m oz.My guess is they know exactly what they have otherwise why would they be selling.