SVY 4.17% 2.3¢ stavely minerals limited

Ann: AGM Presentation, page-23

  1. 5,723 Posts.
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    Firstly - good luck to longs.

    I like charts and there's nothing in SVY that indicates which way it's going to go IMO. (Other than an unfilled gap at 11c)

    Then there's been three news items that intrigue me … conversion of options via a "cash-less" financial device that takes the VWAP value and converts shares as if that virtual value was fact and wouldn't influence the SP.

    The new Tasmanian gold prospect.

    The sale of shares to settle matrimonial obligations.

    Sure … you can interpret each item for it's own merits … but there are now THREE facts in print before you all.

    The matrimonial one is interesting. The lady concerned was closer to CC than anyone so would view her position with more knowledge of the situation than anyone else. Of all investors in SVY, directly or indirectly, she probably has/had the most to loose or gain.

    I'm just suggesting you ponder it. It's interesting and just as significant information as any chart interpretation IMO.

    All the best.
 
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