This stock needs an annoucement quickly to stop the price falling further. After a number of weeks with annoucements being made on a regular basis it has all gone quiet.
I have a theory that the results of the testing for diamonds is not as good as was first expected but CFR do not want to annouce this as it will have a negative impact on the stock price before the options expire at the end of the month.
This means that they must wait until they have some details of the profit they can expect from the sale of the huge amount of rubies that they have told us that have been excavated from the Gloucester ruby pit. Hopefully this will be shared with the investors in the next couple of weeks if not tomorrow or Friday.
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