In freefall, although it was supported well at 21.5 yesterday....

In freefall, although it was supported well at 21.5 yesterday.

It's worth keeping in mind that it wont take much in the way of volume (100k) to run in either direction. It is in oversold territory, but that's no definite indicator that the SP will reverse.

I've taken a smallish position around 23 with a hold until the next set of announcements.

I have not been particularly impressed with the performance of Northam, Berry and their team and hold in anticipation of the potential t/o offer which should be in the realm of 35-40c. Whether management put the t/o to a vote is another question altogether, but it should provide a good indication of where the company sits and where it is heading.