Once again it appears that our management has completely messed up announcing what should be a positive update.
Calling a trading halt ensures that everyone will make an effort to read the ANN. When that ANN does not confirm anything concrete - and only says that negotiations are ongoing, then there will be a certain sub-section of holders who will take fright at the lack of any developments and sell.
Following on from March's debacle over announcing the verdict on the Calcifier case in such a negative way that it sent the SP down I can only conclude that management has done it again.
Sure IK and team may have thought that the agreement would be signed during the TH but they were wrong, which now will put doubts in investor's minds over the strength of the relationship between Mantle and the indigineous representatives.
Why employ a PR company, as Mantle does, and then make these basic errors in market communications? I am not very impressed with 2012's efforts so far.
Having said that I will likely have more cash at the end of the month to invest and if management continues to keep the price down with their bizarre market communication policy then I suppose I should be thankful as I will be able to buy more heads or oppies at lower prices next week.
Although that does not disguise the fact that I am still a bit annoyed this morning.
EB
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