I guess wee see some very interesting change in market sentiment.
Firstly, the price was moving up since investors were hoping Tanis would make the race. Then investors got a little disappointed because Tanis did not make it. And now investors seem to turn more positive on Momis. And I think there is some good reason for that:
The interview that Luxusburger has postet shows that Momis seems to have a very positive attitude towards mining. Then look at the landowners. One major landowner (Damana) calls for an immediate reopening of the mine and!!! he supports Momis and!!! is in his political party. The same is true for Leo Hannet. He is a big supporter of the reopening, supports Momis, is in his party and by the way won the election in his county and will be a member of the new parliament.
Make you own guess out of that, but the signals that I see are very encouraging in my view.
BOC Price at posting:
65.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)