As there has been no announcement and we are not guaranteed one this week, although PC hoped we would get one, I expect the SP will today drift back down towards 40c as people take profits.
As expectation builds again towards the weekend the SP will move up again as investors do not want to miss out on possible premium if company do proceed to a potential sale through GS. The results which we expected towards end of March are now being tabulated and the Company will need to ensure they are accurate before being given to GS before final decision re potential sale is made.
If results are not good then the SP will slide quickly back towards 20c. If they are good then the price will be north of 50c very quickly
My opinions only and i will be holding for announcement be it this week or early next
Chiswell
up due to swarm trader recommendation, page-2
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)