Two opposing views on the 'current' situation. Both very valid but not in agreement.
I think that's exactly where the market stands atm and JPM selling down is an indication that the merger is not viewed as a dead certain positive move for GBG. But then, someone else was buying their stock who think it is a dead cert!
Until there is some really positive news regarding this merger directly, I am tending to think even Lodestone's drilling results will not be enough to sustain an upward trend for long. Maybe a jump, but followed by stagnation.
Upcoming news needs to be directly related to the merger and very positive, after all the market is unsure whether the merger will even go ahead, let alone how much IO SDL has.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held