If this is the start of the pre suspension sell down it has started much earlier than I anticipated. If it is, SP will be very low on 3rd March perhaps 1.5c so may be worth waiting to buy in.
I have an alternate theory. A lot of traders bought in last week (the posse of the cat in the hat). I am thinking they want their money elsewhere in a rising market and are selling at a loss to go elsewhere.
We saw with the MOU run that this can run and may again before suspension.
I just hope if there is another ann before then that it is before open allowing the run more time to gain momentum than a 3pm ann.
I still would like to see us go into suspension around 4c, I imagine mgmt would also like that. Look out for an ann Thursday or Friday next week.
RYG Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held