Complete and untter change of circumstance here...
I suspect most will cease trading this now and we will see a return to pre-entitlment sentiment patterns.
In fact, we are seeing this already today, with the vast majority of aggressive activity coming from the buy side.
Slow gradualk moves here today...and I suspect tomorrow...suggestive of an end to games for the interim.
In effect, today's announcment provides insurance for a decent position, thereby mitigating the need for many in such a position to trade for additional points as a fall-back insurance, or sort of stop-loss margin builder.
I susepect trading in this will be considerably less in the coming period, based no less on a stock now learly very very undervalued.
Prior to today there was always the lingering doubt that CVI might meet with a terminalk rejection from Cameroon, as unlikely as it was, it was indeed a possibility.
Today's announcment effectively kills off this fear now, the official signing of which will effectively herald in a new rating on the stock far less "specultaive" than it was.
One more project and we have a multi-project safety net...Catabola, Cameroon...and whatever.
Becomes very attractive for much larger exposure then...and far less trading to protect it!
Cheers!
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