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05/12/16
21:59
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Originally posted by binwood
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Only gained 3.5 cents because there is still the cloud over whether they own the asset or not. Some of it would have been burnt day traders that got in on open. Some of it would be people who believe garbage like the stuff you have been spouting and the list goes on.
Why is this not $500m MC? They still need to complete met (won't be an issue but it needs to be done) and they still need to announce a buyer. Resource isn't worth much without a buyer. Again this is just another step in the process. Expect a multi-stage re-rate over the next two months as they produce MOU/BOA's, clear met work, a flow sheet for POS plant and a clear path to market including financing requirements. Did PLS just one day become a $750m company. Don't think so.
Finally where was the volume? KDR has 1/3rd the SOI that PLS had before MIN. Today's volume was equivalent to 34m shares traded on PLS back when they were making these kinds of announcements. It was equivalent to about 3.3% of the register turned over today. That is hardly a small amount for a company with it's MC.
Stop the rubbish and try adding something useful...even your comments on your own stock are lacking.
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Binwood, a Solid +orange post from you.
In addition, a no buyer beware type disclaimer in the Investor Presentation regarding shambolic claims augers well for KDR shareholders. The BoD would have taken legal advice for that no show, loud and clear to me, IMO.
Looking forward to the massive re-rating, plus more. Bye.