RE: Perfect timing4 Aug 2020 19:03
Ignore my last two posts....must be the beers.
Back from the beach to see an Interesting day of trades, clearly MMs need shares and given the spread at close buying is trying to be discouraged. Tomorrow could be interesting if more new investors start to understand what is happening,and the short term news flow expected. As usual, any level of demand sends this thing north at a fair rate of knots. I can’t help but think that 4p will shortly be broken.
I’m still mulling over the 5m ValOre sale. The timing seems odd given the potential upward trend. I wonder what necessitated the need for urgent cash? Lots of very positive potential answers and unless JAN know ValOre is about to release bad results (highly unlikely) there is no way any rational CFO would advise liquidating that asset now versus holding onto it for greater returns. Therefore, I continue to believe the cash will be driving the next stage development of Pitombeiras, or further investment in an asset.
Either way, exciting times ahead and a good amount of news due in the run up to Christmas.
Tipsy Tex