I believe the share rise immediately prior to today has been based on the belief that rabbits will be pulled out of the hat at ,or just before, the AGM. There are a number of rabbits available; Yandi, Railway, corporate activity. Most attention is on Yandi but it is corporate activity which has the capacity to be the smoking gun.
If there are no rabbits I fear a sharp decline and one small rabbit may deliver a buy on rumour sell on fact result. Heart in mouth stuff over the next few days.
Pagarsi
UMC Price at posting:
73.5¢ Sentiment: LT Buy Disclosure: Held