Allan Gray has started to sell, which means that there is a 15% overhang that will probably hit the market in the coming weeks and months.
Even if the stock is undervalued, which I don't think it is, having a 16% shareholder unloading his position means that the SP won't be able to move up.
I had a bunch of buy orders queued up from 36c, but they have all been cancelled now that I've seen Allan Gray's signal. Perhaps once the stock is in the 20s I might take another look.
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