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Guess GSPC can withdraw if both parties can conclude out of arbitration before 1 Dec.
Cheers, JP.
Fortunately we did have a good Indian judge who ruled for GSPC to pay up not only those in arrears but future drilling costs & expenses to move on. Hope you get some good news from Mark. Maybe also hint about non execs. supporting further by buying in more (don't think is close period) -could help with sentiments atm.
Js, noted your last post. Thought GSPC already filed for arbitration?
Do you mean with Joe S. in India they might resolved & GSPC withdraw that filing?
Desert, does it means OEX can use the 3m +1.1m recently paid by GSPC for OEX share of drilling?
Hope this big 'U- turn' starting to see more blue & can sustain.
Remember I repeated someone's post that sp reach 1p then dip, & not to sell cheap. Will re-bounce to 1.6p for the short term. MM grabbing cheap to fill the big delay orders.
Someone called it correct last night/ before 8am this morning; saying sp. will quickly rise to 1p & some sell out , then dip and then rise back to 1.6p. He/She also warned about not to sell too cheap.
So this is happening. 0.7p support & then here we go.Hopefully to 1.6p end today or next few sessions.
Due to many LTHs who were frustrated of holding past years they took this opportunity to sold out. Once they're gone & new level of buyers in, these are the ones who are buying now for the future of EUA so it will be a new re-rate. Wait for couple sessions for those past LTHs to go & new breed in - then sp will zoom.
MM has taken your shares so they let loose now. That's why NT to buy earlier at different prices.
Same like few months back when you can't buy at certain price even price kept falling & then the spring re-coiled when they got enough.
Now this is cheaper than this summer when price was higher than now without the permit.
People waiting to see if sp. might goes lower but might be disappointed as this price can also goes up very fast.
""This has actually got the permits! Not like the others""..................AND funding too with big establishment, SINOSTEEL and may have Glencore interest, AND NO DEBT!
Is market waiting for better price to come in?
Can't believe - waited 10 years for this licence, valuable assets & this interest?