Very well said. We were trading at 42-50c, and they either needed a placement at say 45c escrow to sticky hands, maybe one of the many who visited site, or monetize part of PWM, rather than the shit show whirl pool of emotions that saw a new CR discount, trigger new low despondent sellers, and the festering abysmal SPP.
Maybe now that they have had to cancel this SPP, they will now look in the mirror, at the aftermath of their misguided CR in the discount winds, and consider the reality of a lingering wound has on the sheep trade.
Wouldnt that be a good question for the webinar. Door A, or Door B. Why did you choose the one that invited destruction of the sp.?
Perhaps in their minds, all upside remains in their confidence of where a strategic takes us, and discount destruction of the sp is a blip. But they are also playing with emotions of many who fold under pressure. Those sheep trades, have real faces. And any thing that they could have done as an alternative, should have been front of mind.
WR1 Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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