Well, keep in mind,
there is a BIG difference with the SP and the sale value.
MAEs holders, or the percentage of them that have acted like fleas, sheep, or rats, indicative of where the sp was before the sale process began, have a history of running for cover.
Not a dig at you Darkcload, but comment in general.
What we have had the last two sessions,
- is the traders dumping, looking for the next thing they expect to roll on within a week of their entry, support shown by longs to reject 32, and push to 40.
- residual trader exits, talked down by the negativity, and then the fleas, sheep and usual behavior of MAEs holders toweling it again.
But if that is what makes up maes registry, no wander the directors were peeved enough to seek materially greater than the market was paying for mae.
And thats the point, which will see those get their just deserves.
Those of the registry who do not flinch, will see this to the sale, and its north of the current price, so rewards.
Those who flee, of little faith, will just take their tail bw their legs, and watch on.
Forget the SP treatment, and ask only if the sale process will deliver.
That ought to be the only real focus for discussion.
Because if it delivers, it matters not what the fleas do, 30c? 40c? 20c? in the end, it will be sale value XX?
I'll stick with 1.25
Sale or no sale, ought to be the reasoning to hold or fold, IMO
cheers
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