my guess is an announcement before the weekend... based on this weeks trading form and that we should have expected one by now.
As for going above 10c... who knows. Depends on whats in store. If it is coal as rumoured, which is probably right given the background of the people running the show, then it could be a very attractive announcement. So 10c+ is probably on the cards
My biggest concern is that this is a reconstruction. When we do get an announcement it may be 1 of say 5 important short term announcements. The first one may not have the big hit everyone expects. I am looking for a couple of solid announcements in a short space of time rather than one big one. If the market does not feel the same then we may not see any movement.
Anyone agree?
MRK Price at posting:
0.0¢ Sentiment: None Disclosure: Held
