Your ability in predicting Conti's share price is not that great. However you are mostly spot on when predicting company announcements, etc.
Everyone is waiting for the news on Penumbra which hopefully will be released shortly.After that we will get the quarterly, news on BHP leases and Kenya and perhaps good news on increased RBCT allocations as well as results from the recent drillings within DWC,etc,etc,etc.
One of the problems with having many short-term traders on the registry is that patience is lost quickly. They come and go. The drift of share price is not based on any terrible or unforseen news or event.
Reading HC these days all you get is emotion and chartist views. This in itself is not bad, but does not take into account what is actually happening on the ground in SA.
I have used this opportunity to further accumulate and only time will tell whether I have made the right decision. Most of the top 20 option and share holders have done the same.
Gefi
CCC Price at posting:
55.0¢ Sentiment: LT Buy Disclosure: Held