My opinion is that MM are preventing this from climbing much faster. Its only 10am but I think it will pick up.
Some resistance at 20 mark but once SP reaches 25/6 we will have a new level. At the 17/18/19th July that's when it should get exciting.
Only 10 days away from bidding. Things are looking up. Operations re. drilling has improved, losses have reduced and water tables levels that were once an obstacle should prove too difficult to mine
If a company has done 5 months of due diligence on a company and wants further assets to acquire the situation in China will not change things and the two companies would have declined by now unless they were very serious about acquiring this company.
Share price will continue to rise until Friday now. The sellers have made a profit and now its the investors who want to wait until the bidding
Its only the 7th July. Will any RNS news arrive early before the 20th July? Will be interesting to see if this rises and we get a higher resistance level before the 20th
Rising again. A lot of the early buyers have sold and now we have more buyers at a higher level. Takeover bids only 13 days away. Both parties are interested.
The SP will stabilise at this level and then will find a higher band width to trade at due to the take over. This company has huge reserves and potential and once bought it will have more capital to improve infrastructure and drilling.