long term holders aren't concerned with the savanna issue,
the 100,200,300 mill lb resource, is a t/o target no mistake.
most long terms now have their cgt relief in place.
Why would anyone sell with jorcs getting larger?
A few have their reasons obviously.
But there is no foresight to pick the sell off, when jorcs are growing.
Sell off has occured the last couple of weeks, savana has been a pest for much longer.
So, who would give up a 12m cgt relief, on a "maybe it might be sold off" on an issue that has been going for a while.
Savana is waiting for BMN to make them an out of court settlement, but the A team are playing hardball, and I suspect, that the reason that savanna have not replied to their court action, is cause they dont want it to go to court.
Wouldn't suprise me, if our team would ask for court costs to crush the savanna bug for what it is.
Going in conspiracy theory now, but also wouldnt suprise me,if savanna had shares in BMN, and are trying to apply pressure so BMN would pay them off.
If you give up a 12m cgt r, and miss a t/o offer?
I think you would be worse off losing the cgtr on a say 5 dollar bid, than you would have in trying to exit and pick a re-entry. It could have moved higher on jorc for your re-entry as well.
cheers
BMN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)