Yes @spid81, an update from management would be nice. We live in hope.
It is interesting that the number of buyers and trading volumes have dropped off quite a bit after 30 June 2021. Whether or not these buyers were waiting for an announcement confirming a supply agreement is unknown but it seems to make sense. However, it could just be some smart accumulation tactics by various instos that have recently been buying. Time will tell.
From my perspective, I'm not too concerned with point 2. A confirmed supply agreement and ongoing collaboration is what I'm interested in.
The sell-off in options last Friday and today seems to suggest that some don't believe that they'll get in the money. That would be disappointing, especially after all the talk by management about getting them converted.
Anywho, from a general standpoint, the heads seem reasonably placed. Is this the breakout year for FGR or will it be 2022? GLTAH
Mr B
Gerdau, page-137
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