suspension, page-16

Hmnn not sure I agree with those who say price action in the past prior to announcements haven't given any clue.

I reckon the price action was pretty convincing prior to all the bad news events as selling was obvious prior to the PFS and the 3 failed binding term sheets.
On the flip side there wasnt any obvious buying in advance of the good news last time when WEG got punted.

Toss a coin this time - Im favouring good news for the long term but that wont necessarily equate to a short term S/P spike given a fair chunk of this years cash flow has already been spent buying Cockatoo , bonds etc.

Sorry Pat if you dont like conjecture watch the telly for the next week and dont read the PLV hot copper threads till next Tuesday :)

hOOt