Gwaihir, A lot of volume today through at 4.62/63...not much fat...

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Ramallah

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11/02/22

15:10

Post #: 59513766
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Originally posted by Gwaihir: ↑

Well, I have 20,000 which is still only a small amount, and I'm 230% up on my investment, so not to shabby I suppose.

The trading has been quite interesting, buying up to $4.63

I suppose the buyers could do this feeling reasonably secure, sensing they will get "at a minimum", at least $4.60 plus a dividend of "up to" 5 cents, so if they just buy up to 3 cents over $4.60 they still give themselves a little buffer in case the dividend is below 5 cents.

The potential gain though, could be huge if another bidder came in, so by playing this out on a Risk v Reward (RvR) basis you'd have almost nothing to lose and a lot to "potentially" gain, while the worst case scenario is likely to be the status quo.

It's a very good Risk v Reward bet, if you have the ability to let your money sit there until the end is played out, like a fund would have, or those with spare cash.

I'm wondering what the final cut-off day or date is for any other bidder to come in.
I suppose it might be the day the meeting results are reported.

Gw

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Gwaihir, A lot of volume today through at 4.62/63...not much fat in this if you are buying for 5c dividend?? big gamble for maybe 2c worth when they haven't as yet even confirmed a div will be paid.
Its not Posco buying shares, just makes you wonder who is buying them at this level.

SXY Price at posting: $4.62 Sentiment: None Disclosure: Held
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