the draft BFS is already done, and didnt disappoint.
They think to further reduce costs as this announce.
That implies, a good result will get better.
All it requires is Xtrata in, and this will not look back,,
speculate within that statement made, to its likilhood.
Alternatively,,chinese would be next cab off the rank.
Hope holders were able to get in on the 53 dip,,have an order in on some oppies, but hasnt yet been hit, and may not, as a trade only.
I suspect, that some broker, may have had instructions to sell a certain amount from its holders during the correction, and those orders active, had to be acted on.
So,,that purge to 53c, is that it?
Because i read the announce as very bullish, and once any backlog of exit orders are done with,,,if the market remains neutral,,i'd expect strengthing sp.
On fundementals the market has corrected,,its just about whether panic and fear can be kept on the boil, as to whether fundementals are ignored.
What it comes down to, is a bet, that Xtrata will sign on,,and when they do,,that the sp will rocket 1.00+,
Which resource stock would you back??
Not one in AUS with Kevin,,
what about one in S.A, with a major as a partner and you free load to production.
Doesnt get any better for a resource play IMO.
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