I think we should all take a Bex and relax!
The issues as I see them:
The original forward sales were stuffed around - but 75% of them got up at agreed price (which is why we have some for the spot market - which could be good or not so!)
The other issue here is that we have to meet our delivery commitments (or GMM does) And more importantly the product has to be "acceptable" to the buyer - here I expect some post delivery shenanigans around quality - or something - designed by the Chinese to push future price down and dent our reputation.
However I have all faith in Tse to handle this.
The merger is unfolding and being made to look messy by the churn and games of the bots (HS/Algo traders) who are particularly good at stirring the pot - just look at the posts above. This will change once the merger becomes fait accompli.
But if you think we have the goods (product and management) and we know the market is coming (timing possibly an issue) - then hold and accumulate and ride the bus - EV of course
cheers
GXY Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
