Share
183 Posts.
lightbulb Created with Sketch. 57
clock Created with Sketch.
08/07/21
11:37
Share
Originally posted by ccmfc:
↑
My theory re the wording. Company gets notified by text or email by their partners/contacts that the PSA is granted. Company doesn't have the formal confirmation yet so halts. Wording is in the way it is because let's face it, they don't really want to release positive news and be questioned by the regulator about a massive volume jump and decent price jump in the two days prior. Now, I will go out like Kangaroos and dig a hole. And if the news is not positive next week I will jump into it for a while
Expand
Yes, actually, this seems pretty plausible. I've done some work on iron ore PSAs in central Africa and it was almost always like this - you know what's coming down the line before anything official happens.