going ballistic on agm trading halt, page-9

Papertigger...

I am surprised you thought that the AGM announcement might have been about GUL - Not much chance of that being the case.

AGM being worth $! at the moment should mean GUL is valued at 15-16c

I can't see it dwindling back to 8 or 9 c at AGM $1 but the dwindle back to 11c is about right since it always trades at a discount to its NTA (which is really just its AGM holding).

The 14c we saw yesterday was pretty much punters jumping on board in the expectation that AGM might have had a more substantial announcement , i.e. a takeover or a gret drill result rather then the Jinchuan corporate news.


Chinkiat