I could not agree more but its not a negative more a lowered expectation of a buy out.
Its not a coincidence that Mr.Su bought in and suddenly the BFS was given to China and all of a sudden millions of shares were bought at 10 - 12 cents and it was not allowed to rise as manipulation came in. Yes there were a few parties selling into the path but certainly they did not have enough shares to fill what has gone through. We will sit around this mark until the BFS but people talk of a MOU before that well its nothing unless the ML is approved so why will people buy into it? I am hoping we will see mid teens before the end of April and that would help ease the sell side and build the buy side. Lets not all get hung up with its the biggest bauxite etc as yes it is but a couple of others on the list are very close we need a mine first. Still very positive on this one but cannot see us back in mid 20s until the 3rd quarter at least. Hope i'm wrong!!
CAY Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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