Monday may suprise a few ( pleasantly I hope), esp. if the selldown was due to people worrying about the quarterly not being released prior to close of trade, and/or unwilling to hold overnight/weekend without the expected news. Perhaps also coupled with the potential that the quarterly would present a poor result, especially with so many unknowns regarding the impact of Market boomer divestment and ultimately what our cash position may be.....sidelines may have been more appealing than holding?
For those of us that are Long , the temptation to sell is far less, and as a result we may see some SP increase as those that like the story start to get back in....also a chance of others on the sidelines having time to read quarterly properly and able to see past the 481k on the balance sheet and digest that there is extra 400k available.
However as stated previously, I freed up some cash so that if SP continues to go down I will definately top up . All IMO and DYOR
GLTAH
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- Ann: Appendix 4C - June 2015 Quarterly Report
Ann: Appendix 4C - June 2015 Quarterly Report, page-41
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