We are finally here, OCTOBER 1st, the BFS month and the next opportunity to Re-rate.
And Incidentally, the start of a new "Fiscal Quarter". I had been wondering why the Brokers were so keen to keep us under the $1.00 mark until I realized last night that anybody with large Trading profits on their books, probably has to account for them in their Quarterly BAS statement ? We assume that there is at least one Broker stockpiling shares to make a killing on the BFS release, so it would be logical for them to prefer an end of Quarter closing price closer to the $1 rather than the $1.20+ direction that the SP was heading.
Well we are past that date now, so we may see the SP yet again rise to its Fair Value over the coming days.
PM8 Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
