'Winsom is interesting and i hope doesn't sink the SP and this SP hype is for the gold asset not just the free spin off shares.'
That's the big question and we won't know the answer till next week. All I can deduce is that it would be insane for people to have pushed the SP up 200% in a month on the strength of free WR1 shares that even if they doubled would value-wise still only represent a fraction of that rise. Newcomers to sharemarket trading or those with little knowledge may fall for it, but the amount of buying that has taken place suggests plenty of serious investors have bought in and I therefore presume largely on the strength of Sturec's gold (which was previously undervalued), with WR1 shares as a bonus. If I'm right we might see a knee jerk sell off next week followed by stabilisation soon after back up around 50c. If I'm wrong we may see a fall and stabilisation in the mid 30s.
MTC Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
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