Thanks to the HC hype, If this announcement is ANYTHING besides "a rig is now in puntland" or "Offshore JV" - the market is going to hate it. I cant imagine what moving focus away from Puntland is going to do to the sp, no matter how great the announcment is.
I think a small rise over the first 10 minutes, then back down to 3c - in fact I am betting a carbon copy of the chart after the Canmex MOU announcment from October 13 2006, even the sp levels will be the same:
IMO ofcourse, based soley on the past 10 times its gone into TH. So I predict open at around 4c then drift to 3c. Lets hear some other price predictions for tomorrow - if it doesnt go into suspension that is.
RRS Price at posting:
4.7¢ Sentiment: None Disclosure: Not Held
