may day may day come in over

Hi folks

Papa Lima Victor


Okay so perhaps 'pan pan' might be more appropriate but lets ruin a good heading eh? ;)


Well we are here - in May that is. The month of the PFS is finally upon us.

Many of us will be waiting on the SPP and looking to put in our quotas hoping to get our full allocation...

But what if the PFS is released prior to May 10????

Worth thinking about.

That quota you wanted might be considerably shortened.

2011 has been one delay after another.

Not sure whether thats going to be the theme going forward from here.

Sometimes a bird in the hand is worth more than two in the bush. Right now this is the opportunity perhaps to accumulate.

The SPP does not offer any guarantees for full quotas at all. It is an opportunity imo regardless.

Sold down to 82 cents on small volume but plenty could have been picked up around 84-85 cents.

Just my opinion, but if the PFS or any other substantial news hits the market the demand for SPP will go up and your allocation will go down.

SPP or current levels are going to look good shortly imo.