What I should have pointed out is there is a possibility that any "Deal" may not be done or maybe pushed forward into the "future".
But the situation atm has been magnified by the AFR article which brought out into the open that a deal had already been supposedly done.
To which as you point out the CEO? stated the talks are only informal atm
Does/did the AFR article influence Buyers? Short or long term.
Theres been miles of speculation since the AFR article on HCopper about what could be as far as a Deal with a Car Maker etc is concerned.
With the AFR sticking its head out with the article, theres a big gap now between continuing talks/ negotiations, a future done deal or talks ending with no deal.
I suggest the Market has to some degree factored in a Deal being done and awaits details for evaluation.(if and when).
If the talks fail or are put on hold. The Market will react. It doesn't bother me as long as I am aware of the situation as it happens!
Many a time I've seen a Company's shareprice take a hit... then ...that Company releases bad news when the horse has already bolted.
Again I say think about what the AFR article has done here!
Waiting on some news, one way or the other.
Md
GXY Price at posting:
$3.11 Sentiment: None Disclosure: Held