I have to say that 40c seems awfully persistent. The buying that kicks in at this level is very strong. Personally I would expect a bit of a pull back on this news. I am certainly disappointed (strangely expectedly disappointed) but the market does not seem to be.
The market is certainly optimistic. (I hear you Ed- this price and higher prices are not warranted given the current information, but the market is clearly expecting something big. Near, mid or longer term???) Is the optimism warranted?
That is literally the million dollar question. (Million dollar for individual holders, many, many million dollars for the company) Watch this space.
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I have to say that 40c seems awfully persistent. The buying that...
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