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13/04/18
19:32
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Originally posted by Amused observer
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Last week for 7 cents. Hmm and the basis for this is? The groundswell before a deal is announced you think?
I am prepared to go the opposite to you and that is that it is merely some share shuffling as a result of the SNC position and the early stirrings of the sand by giving 1AG notice of a failure to disclose which they referred to as "administrative oversight" in their announcement.
Still plenty more to come sub 7 cents is my bet as I dont believe there is a pending deal on the table and that they are still looking for one or at least hoping someone will come knocking with a deal for them.
Time will tell, as always.
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I reckon it will go for a run to 8 or 9 cents next week
The conflict between the US and Russia over the next few days will encourage small cap investment in safe industry like agriculture and away from the blue chips.