Thinking27 Jun 2023 21:05
Evening all,
Upon reflection of Mondays RNS i have some thoughts (Positive ones actually!!)
GR didnt need to put out that RNS did he? As in it wasnt a deadline that had to have an RNS.
What i mean is if he hadnt, yes the SP would have probably dropped 15 maybe 20% on panic selling due to unknowns but we'd still be 0.5 0.6p.
So why did he do it as it was a shocking RNS and was always going to wipe majority of the MCap. He probably didnt expect the market response (his own arrogance i suspect) but it certainly has told CanMax in no uncertain terms to put up or f4ck off. Only a stupid stupid man would do that without habing definitely interested parties lined up....
So let the games commence...
I still think this will annoyingly bleed down into the low 0.3s before news as shorters habe us by the balls but who knows what awaits....and the more shorts in...the more rocket fuel
It was a very public two fingers up to Canmax bit also a 'we're open for discussions' call to any interested parties.
I may be over thinking this but