The drop is more like $1; it has been falling on rumour of water and environmental issues for sometime. Well and truly oversold IMO but the market hates uncertainty and these latest developments are not good. It is however reasonable to expect that all issues will now be brought to a head; the upside being the IWUL will also be issued upon resolution. Waiting game! but patience is sure to be rewarded.
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The drop is more like $1; it has been falling on rumour of water...
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