Geesh login to the forum and the trading app for the first time since going to Europe on holiday for a month and how much has changed.
SP obviously calls for disappointment. Quite clear that people knew of the CR and have sold into it. No one likes the idea that there are insiders but writing is on the wall. $1.40 - 0.96 and the CR is still lower then that. Not to mention the flow through price is lower than where we were two weeks ago. Once again I am questioning the need for the drilling money not sure what the rush is.
SP will go to and most likely below 85c. Just like PMT and their flow through CR. They are well under their raise price atm.
despite this, fundamentals haven’t changed. We now have money to exercise Renard, you would think CE would only raise if there have been clear signs that Renard is a viable option and now funding for drilling till most likely the end of next year.
wishing everyone the best from the Amalfi coast and if you can’t handle the SP flunctuations set some alert, stops and delete the app for a bit. Better for your mental health
WR1 Price at posting:
96.5¢ Sentiment: Buy Disclosure: Held
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