CXX 0.00% 6.6¢ cradle resources limited

If the sophs sell their CR shares quickly it provides an...

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  1. 2,419 Posts.
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    If the sophs sell their CR shares quickly it provides an opportunity for topping up or new holders to enter at a discount to current VWAP.

    I anticipate that the SP will be in the 60c odd range before the end of 2016. So it might be opportunity in amongst very very minor adversity to top up or enter if the SP decreases now........... or something like that?

    Then again, the sophs might realise that the SP is going to grow quickly once a DTM, offtakes and financing is announced. If so, then trying to swing trade an anticipated decrease in SP due to the discounted CR price might leave one outside in the cold? For the sake of a few pips the safe strategy is hold and top up on any discount/decrease in SP, IMHO. Each to their own strategy though.

    Cheers
 
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