I think a common misconception amongst spec stocks that a CR is always a negative for the SP. The SP performance after the last handful of SRK raises was actually quite strong. I'd expect that to continue given the current macro backdrop of IO and the LEL assets performing strongly.
Personally I wouldn't be selling for pips down here when I think there's still much more on the table.
I think a common misconception amongst spec stocks that a CR is...
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