Unless positive ann comes out prior, Imo there will be a bump in...

Unless positive ann comes out prior, Imo there will be a bump in morning trade (news and recommendations eg morningstar). People will take some profits on the basis that a) they made a mistake buying too high or b) better something than negative. Retrace downwards tomorrow to around 7.5-8 on close - too much buzz for it to be too severe. Thursday or Friday we should see some stability and a bump upwards.

Anns have generally been released wed to fri historically which doesnt mean much but would think mxc would be asking for progress quite vigorously.

I don't see it as doom and gloom.

Most of Q2 announcements are priced in imo so I'm not a big believer in a 20c boom but happy to stand corrected (unhappy because I'm out for the moment).

Anything negative in the anns however might have a greater importance - further trials required, production delayed, no licence or it remains pending.

At higher prices i think part of the licence is speculatively priced in - keeping in mind it's a trial and a chance to be a contender, not a permanent supply contract ... not to detract that this would still be a positive announcement.