read the thread there are press releases from Namibia that will calm everyone down from the mad panic and there will be more early next week including the asic exemption tomorrow and unconditional on KAH on tue night no one is going to hang around to get flogged wken the stock starts moving as those things begin unfolding tomorrow and I suggest you dont either.
Ridiculous suggestions of no levels maybe 5, 4 even 1 dollar is irresponsible down ramping and trying to capitalise on some of Friday's panic, as a shorter you would not be pleased with the press releases over the weekend.
Perhaps RIO will sieze the opportunity now and bid as the stock is cheaper however I would think that they would wait and see what CNGPC do on tuesday night and if ext is 7 or 8 dollars they may just bid as they did not think 2 months ago they could ever get it at that $10. They have been dealing with Namib for years with Rossing they wouldnt be at all concerned about the latest off the cuff comments.
THIS IS A SHORTER'S MINEFIELD BEWARE do not be slapped with a $3 gap up-all IMHO
EXT Price at posting:
$6.68 Sentiment: Buy Disclosure: Held
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