New month, option trigger and historically September is the month, money starts pouring into U stocks. I'd be quietly confident the SP will at the very least, now stay above trigger, to raise the next lot of cash, for a possible merger. Discussion around a M&A has been on the table for a long while now. Clearly waiting for the appropriate opportunity but more so, for confidence in the U demand and prices to rise. The M&A in my opinion, will have to happen near term, before there is too much heat in the market and an opportunity is missed.
VMY Price at posting:
9.8¢ Sentiment: None Disclosure: Held
