At first glance, it appears the SP sold-off sharply in...

At first glance, it appears the SP sold-off sharply in anticipation of uncertainty surrounding being an acquirer. No trading halt needed for us as the "indicative proposal" was straight up rejected. I think there was an overreaction and possibly stop-losses triggered that resulted in the price going below $1.20 briefly before closing (not at the lows) around $1.22. I think, subject to any material macro news overnight, the SP should brush off this "failed attempt" and revisit the mid to high $1.20s all things being equal and possibly make up for lost ground when the likes of EVN was up over 7% and both NST and GDX put on about 2% today. If there's a chance to grab a few SLR around that $1.22 - $1.25 range I'd be incline to have a nibble!
GLTAH!