What a complete over reaction to a month delay.
We had a good price run up in anticipation of an announcement, I suspect day traders as well as other “wannabe traders” jumped in hoping to make a quick dollar, then exited en masse when the delay was announced.
What a buying opportunity, I soaked up a couple of 100k at prices I previously dreamed about, hope to get even more.
This announcement was more bullish than the previous extension announcement.
- The Commercial terms are now “in alignment” was “ongoing”
- “value add initiatives” to enhance & strengthen the position of the JV in the market
Reading the announcement as a whole, it is very apparent the JV will go ahead.
I’m not a religious person, but thank God for investors with short term horizons!
