Market sentiment is an unpredictable thing. Looks like the price is preopen up 3% as I type this. The buyers are coming in and taking advantage of yesterdays over selling and initial sentiment being more of "what just happened " than good or bad news perception.
The underlying NTA and potential of the merger might be hard to understand but the more shareholders research the benefits and the real or intrinsic value from the merger, rather than the under valued share price, the better for your shareholder value.
This merger is a good thing and whilst I and other MXX holders might be down on our initial buy in price, anything that opens a path to realising real market value is a good thing. No point dwelling on what was or what could have been. Grasp the opportunity, research and talk about the positives and how the inherent value is around double the current share prices for both MXX and CUO.
It's about choices.
Who knows, some exciting new aquisitions like FDL and GDA could really add shareholder value. And at the current prices of CUO and MXX, it ain't going to get much cheaper I would think.
The CUO buy volume is up on yesterday as the sell volume has declined. Could trade between 60c to 65c today while the market reads and absorbs the merger details ?
cheers fatstocks.
CUO
copperco limited
Market sentiment is an unpredictable thing. Looks like the price...
Add to My Watchlist
What is My Watchlist?