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C@B, this is something I have said a few times in the past. Back in the Dark Ages, a long, long time before computer modelling of everything, they used to teach on management courses the art of Critical Path Analysis. I have no idea if this concept is still talked of, but basically it means carrying on different aspects of a project contemporaneously, not sequentially.
I agree, norm. A pull back, as you describe it, was not unexpected. What I am hoping we will not see, as I said to cj yesterday, is the all-too-familiar UFO pattern of a spike being followed by 5 or 10 or more consecutive days of red.
Things do not go in a straight line, everyone. Always remember that when America entered the war in December 1941 Churchill knew that now we could not lose. However long it took, victory was assured. But two months later Singapore fell to the Japanese.
I don't know about you, cj (because I know we think along similar lines in general), but I feel a bit of a crunch coming tomorrow.
Several wise heads said, as a result of Friday's fireworks, that it was the traders from 0.11 clearing off with their gains and that we have now reached a new 'launch pad' of 0.20, in readiness for the next news.
But I think it will be a demoralising body blow for many of we LTHS if they are wrong, and what we see is the all-too-familiar post-good news UFO phenomenon of a red Monday, followed by a red Tuesday, followed by a red Wednesday...
If that proves to be the case, I think we might even get into the state of resigned depression to start thinking - even if only privately - will the response to JVs be any different? Or is this how it's always going to be?
I think anyone who expected a re-rating on a piece of news like today's will inevitably be caught up in the immediate euphoria. It will need a lot more than this. The analogy that could be used is VE Day, when people poured out, partying in the streets and waving their red, white and blue. But it wasn't until 1957 that Harold Macmillan was able to tell us all that we've "never had it so good". So in 12 years time UFO might well be a different proposition than it is now.
So, what you are saying then, nap, is that if it takes until September to conclude negotiations about JVs it would be perfectly acceptable to suppress news about licences granted in April until then?
"Postman has to deliver the signed hard copy".
Hope it's not the British Royal Mail, then. You've all seen the stories in the tabloids... "Just received a birthday card posted in 1936" :):)
Sorry, nap, I don't buy the argument that they can't issue an RNS about licences while they're negotiating JVs.
By extension of that argument you could say that they only need to issue a bumper RNS every 31st December, bundling up all the news from the previous 12 months.
Yes, norm, hopefully you will be right. Maybe a better heading to this thread all along would have been "More licenses to be acquired?". With an emphasis on the question mark. I think most of us are now old enough and ugly enough not to throw the kitchen sink at what is just a rumour, but there might yet be others who are younger and less ugly.
I'd just like to revert, if I may, to the title of this now long-running thread.
If "more licenses acquired" was "public knowledge" last Friday, why is it still not official knowledge? Or doesn't this matter?
All I hope is that this is not yet another instance of that damn phenomenon that besets any of us who try to be long-term investors on AIM... 'Buy on rumour, sell on news'. So you end up two steps forward, three steps back. It would be nice if, just for once, we could be blessed with 'Buy on rumour, buy more on news'.
I am just quite amazed that there would be as many as 57 people on here on a Sunday, let alone 57 who approve of anything. I do begin to wonder how much of this is actually generated by the dreaded algorithms?