So after a dramatic ramp up to ~$0.24 based on no publicly released information, we have seen an equally dramatic halving of the share price – again with no information apart from wider macro challenges, that really should have little to do with this companies immediate future.
The questions remain:
1. Is a JV still in the pipeline, and will this see a share price boost?
2. Drilling, once announcements are made and we get closer to the kick-off of the programme, will the SP ramp up again?
3. Has Republic had enough? how can a fund manager justify holding such a huge stake in a specy driller like ACN? how has the rest of the fund been going? will he have to quit his position soon?
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