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I think there is going to be pressure on the SP all the way to...

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Davisite

18,833 Posts.

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08/03/18

13:38

Post #: 31619320
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Originally posted by naggingnan ↑

S101 -I tried to give a not so subtle hint about underwriting a week or so ago and delighted to see it come to pass as predicted.

your doubts are soundly based on the way things are now, but of course they can change and quickly

I expect April to see "smiles on dials"

that said we need to realise that the underwriters and their sub underwriters may squirt stock onto market for an easy pip or 3 for a week or 2 after oppies are converted so dont be crestfallen if the SP is still say 27 at end of March

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I think there is going to be pressure on the SP all the way to the DFS unless something amazing turns up with the drill bit, not only because underwriters, but also all of the reluctant option converters who couldn't sell will be looking to get out for a few pips.

EGA Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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