RE: Pound price GGP4 Oct 2023 22:13
Aquakidd, chartists, price predictions, absolutely impossible here, there are too many imponderables. What will the price of gold be in say 6 months time to start with? will it be in our favour or against? will Palmer divest Tel/Hav or not? if so, to whom? what if we can't agree a price, who steps in then to purchase that 70%? it could be Rio, to help us out, which would then cement our JV with them totally and either way, us or Rio, it's likely to lift the sp, as it provides some certainty for the markets. If it's not us, or Rio say, then who? and what will their pedigree be, or will Palmer throw in the towel and stay with it in the end? there's far too many imponderables, and charts do not predict the future. They might play a role in forecasting how price action develops, but if chart patterns were as clear and as predictable as what you appear to be making out, then we would all be filthy rich and living it up on our superyachts! Get real!