Ann: Trading Halt, page-95

First 95 Last

Share
Profile

Follow
BabaRoga_space

1,793 Posts.

87

22/02/19

13:07

Post #: 37531280
Share

Originally posted by sf120: ↑

and that is a lesson in holding short-term positions - Avoid the event risk at all costs

Remember
95% of the acerage is already done
5% is what was waiting on Salta (Catamarca done already)
Money is in the bank - Deal is done! Who ever thought or took positions otherwise is regrettably mistaken.

You simply dont get to 95% for someone to say, no we changed our mind...

As for why the trading halt?

The POSCO update announcements were done without a trading halt in the past (Nov & December updates)

So therefore this trading update can only be
1) I hope not - the transfer deal has new conditions - think Argentina government doing something.. That would be a bad idea for Argentina and unlikely
2) the transfer is done and the SDV partner is decided.
3) the transfer is done and a capital management strategy is announced
4) the transfer is done and

In either instance, it is not going to be "Transfer is done" or "Deal is cancelled"

Alot of deserving shorters are going to get burnt in this rally, as someone who will short stocks my self, i feel that pain but equally anyone shorting gxy with this much event risk was foolish and deserves no sympathy

Expand

Why on Earth do you expect shorts to be burned by completion of paperwork for a deal that was news months ago?

GXY Price at posting: $2.12 Sentiment: None Disclosure: Not Held
3 Upvote

1 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

HMI

Global Lithium up 13% as it joins the ranks of battery metal players pivoting to gold

OAR

Chris Judd's Talk Ya Book: Orthocell building on 'enormous potential' with steady growth - and US push to come

There are more pages in this discussion • 171 more messages in this thread...

First 95 Last

Add GXY (ASX) to my watchlist

Ann: Trading Halt, page-95

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

Global Lithium up 13% as it joins the ranks of battery metal players pivoting to gold

Chris Judd's Talk Ya Book: Orthocell building on 'enormous potential' with steady growth - and US push to come

Featured News