RE: Rise24 Aug 2023 12:28
For sure this was walked down by over 13% on very little trading, but for me yesterdays drop wasn't about buys / sells, it was about market sentiment and MM's interpretation of sentiment. The delay after delay, the MM are presuming people are getting pi ssed off with it and they'd be right, there are very few buys on the cusp of what could be, should be transformational for SYN. Why? Ebbing away of faith in Roland. Roland words the RNSs very carefully and you need to read in to them, such as the rig arriving on site on the 8th, isn't saying the rig starts installing the jet pump on the 8th.
We will undoubtedly get another RNS saying when the installation will actually start, at least I hope we will but it's not the 8th Sept.