Well folk's I did say it was going to be a swift re-rate back to or par with CR pricing. And it doesn't get any more ' swiftier ' than that. In fact it really doesn't get any sweeter than that in so far as trade or investment. I have had many gains similar to this over many years of trading , however I have to say that SYA has been one of the 'sweetest victories of all ' one for the ' true believer's ' and the battlers.
Seriously though and for me it has been extra special , even more special than the St. George Take-Over play I shared with you all some months ago. The reason I think this is the case is the fact I have put a helluva lot of work into this Baby , and I have done it now twice for what has translated into substantial real and paper profits.
To those who were astute enough to recognize the market opportunities to turn the trade green as well as those who saw the benefits of backing themselves in on the research and math in order to average their CR allocations and /or their previous held parcels - Congratulations and a few massive fist pump's from myself for you all. Enjoy the moment as many of you have faced and gone through the worst part. of the cycle.
So the swift re-rate phase is just about complete and what I would like to say on that note is - ' yibbida , yibbida , that's NOT all folks , as the big news event is about to be released IMO. This one is bigger than the DFS itself and I'll tell you why shortly. Firstly, I would raise the issue of the BAPE , as it is likely the outcomes of the meeting with the Minister may very well be the next bit of news we receive. Much has bee speculated here on the threads as to will it hurts us or will it not. My personal view is that it won't - and as such this is not a typical pump before the dump. My main reason for taking this view is simple in that there is a much bigger announcement waiting in the wings and which could be released as early as tomorrow if not by no later than next week.
Notwithstanding my strong sense of smell in regards a deal in the making and I would never rule out Corporate Activity of some sort as being an underlying reason in the SP perfomance. However in this case , it is my strong belief that the next announcement regarding a strategic stakeholder ( off-take ) / funding partner and or institutional placement is imminent if not a dead set certainty . If you review at least 2 of my posts - 1 in May and another in June you will see it was my opinion then that a Strategic Stake or Partner and/ or take up and placement of the shortfall would definitely occur before the official release of the DFS - which was at that time estimated end of June. With the DFS being pushed out by 4 - 6 weeks, I am even more convinced now that this is how it will play out as they have had plenty of additional time to discuss the all important terms.
Here are my additional reason's why I believe this will occur.
- Board has in fact had discussions with parties interested in financing the Aurthier Project as far back as May and most likely earlier.
- Interested parties would already know the FULL Economic details and potential of the Authier Project prior to release of the DFS
- Investment prior to the release of the DFS would be an endorsement and strong financial support of the Authier Project going forward.
- Current SP has been primed and appears to be indicating Institutional buying volumes and significant interest returning what appears to be reasonably standard news released.
- Current SP is only 3.9 % off par value of the CR pricing which would be a key requirement and optimum outcome for Strategic Partner to be met IMO
- It appears that there may indeed be some apparent whispering's going on between the Chinese Walls....
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So what I reckon happens next is this:: Tomorrow we will see further increases in the SP off the back of substantial increases to the volumes coming to the Buy side and a notable diminishing in the sell side. Pretty much what we saw back in Nov 2017. This is to be expected with the tightness in the present top 20 and SYA register overall. We no doubt will hit 5.9 cents tomorrow IMO - that's if a BAPE doesn't manage the price down only a few pips from there.. If it doesn't , I would expect a TH at or around the 5.9 cent level pending news on financing / strategic stake etc....etc... If we get the news I am expecting or any combination thereof , I would expect we will be looking at swift bounce back to the 6.6 - 6.7 price targets and from there a stones throw to the in the money options price of 7.8 cents.
For those concerned about the ' Churn ' from so called trading accumulation in the low 2's , I think it is safe to say that this volume has already traded its way through. We should obviously welcome the increased interest and volumes returning and it would be my view that it is more likely that these investors would be exercising similar trading principles to my own being
1.) You only need to match the market in averaging to come out in front and
2.) Back the research , then back the Math behind your moves - and as such I would think most are here for the ' Bigger ' re-rate yet to come.
I'll leave you all with this little one liner I came up with. Feel free to use it wherever applicable and whenever you like......
I Called it ! - I Backed it ! - I Bagged it ! - Times Two !!